I notice that GUSD is applying for on boarding AAVE, so I am here to submit a proposal for adding support for stablecoin HUSD on AAVE. Since I am doing the same thing in DMM community.
Some info About HUSD:
Issuer: Stable Universal limited
Custodian: Paxos Trust
Backed by: U.S. Dollar, 1:1 ratio
Audit: Withum, monthly
Year of Issuance：July,2019
official website of HUSD: 1:1 exchange between USD and HUSD
1:1 exchange with PAX on Paxos and Huobi official website
CEXs: Huobi Global,FTX, Hotbit. HBTC, Hoo …
DEXs: Tokenlon, Kyber Network, Uniswap (in default list)
by the way, MakerDAO community has passed green light stage for adding HUSD as a new collectral, let’s see what will happen next.
Benefits for Aave:
Diversification of AAVE users: as the observation, most of the HUSD traders are large institutional traders, AAVE can provide competitive interest rate for them and attract more asset to locate on AAVE
More fiat on/off ramp choices: it seems that HUSD has advantages in Asia Pacific market, it will benifit users from those countries
Data of HUSD:
Stablecoin Ranking: #7
Circulating Marketcap: 132 million
Accumulated issuance: 2 billion
Trading Volume (24 hours): $ 20 million
Maybe someone will say " HUSD? I never heard of it." I believe, in crypto world, we should always be ready to meet new comers. Few weeks or months ago, we don’t have CRV, YFI, YFII, YAM or sushi. But now we all know them. Who knows what will happen next, right?