HUSD token is a stablecoin that was created by a Hong Kong based company called Stable Universal. HUSD is backed by US Dollars in a 1:1 ratio that are held in a trust company. The HUSD stablecoin is designed to have a governance structure that will increase security, liquidity, and transparency. Monthly audits of HUSD's reserves are conducted by an independent accounting firm to ensure that the 1:1 backing is maintained.

BitBay is developing a decentralized marketplace based on a non-colateralized stablecoin. Unlike other stabelcoins, BitBay is stabilized with a dynamic peg that is meant to reduce volatility without anchoring the price to another asset. The network has a Proof-of-Stake (PoS) consensus mechanism.