Weekly project updates: Stable coin's summary, MakerDao started the End game plan, Neymar's NFTs, etc
1. Stablecoins’ weekly summary a. The crypto exchange Huobi will delist the HUSD stablecoin. link Huobi Global will begin delisting HUSD, a stablecoin pegged to the US dollar, on October 28 at 8:00 UTC. At that moment, HUSD deposits and withdrawals will be halted, and any orders connected to the stablecoin will be cancelled. Until November 4, Huobi will convert users’ HUSD to USDT at a rate of 1:1. This conversion is scheduled to be completed on November 4. b. NEAR’s native Stablecoin USN will be terminated for lack of collateral. link The official announcement released by the NEAR Foundation on October 25 revealed that the USN (the NEAR native Stablecoin launched by DCB independently of the NEAR Foundation) was in a position of insufficient collateral and that the DCB was recommended to orderly shut down the USN. The NEAR Foundation has allocated $40 million to USN conservation activities. Since DAO Decentral Bank (DCB) took liquidity from Ref Finance’s USN pool to redeem USN on the ...