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Cash-Backed HUSD Stablecoin Loses Peg, Drops to 92 Cents

The stablecoin is trading as low as 89 cents against USDC on Curve Finance.

HUSD has dropped below its 1:1 peg to the U.S. dollar. (Josh Appel/Unsplash)
HUSD has dropped below its 1:1 peg to the U.S. dollar. (Josh Appel/Unsplash)