HUSD Token vs BitBay vs USDQ
What problem does this service solve?
HUSD is a stablecoin that attempts to provide greater transparency with more regular auditing and attestations of their US Dollar reserves. | BitBay's goal is to create a stable cryptocurrency that is not pegged to another asset. | USDQ is a stablecoin designed to facilitate investing in blockchain projects. |
Token Stats
Company Description
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. | USDQ is a stablecoin that is pegged to the US Dollar and is collateralized with Bitcoin. USDQ was issued by a company called Platinum Securities that offers STO and market making services. |