Huobi

Huobi USD (HUSD) stablecoin has undergone a massive 96% reduction in circulating supply, dropping from $192M to $7.3M in a single day. The sudden burn—totaling $185M—suggests either a major redemption event or issuer restructuring, though details remain unclear.

HUSD (Huobi USD) stablecoin supply surged dramatically by $185 million (2,544%) on April 10, bringing total circulating supply to $192.3 million from $7.3 million. The extreme increase suggests either a major new issuance or recovery of previously unavailable tokens, though the cause has not been publicly disclosed.