Exchange Huobi announced the launch of its own stablebcoin

The cryptocurrency exchange Huobi, one of the leaders in terms of trading volumes, plans to release its own stablecoiler as part of the roadmap for 2019. Reported by the Cointelegraph .

Speaking on Tuesday, January 22, at an event in Singapore, CFO Huobi Chris Lee also said that the company intends to upgrade its trading platform this year and will continue its international expansion.

“The year 2018 has brought us tremendous challenges, but personally I look at the crypto players with optimism. I think this year things will get better, ”said, in particular, Lee.

He also said that the year 2019 will be “huge for the stablecocks” and the Huobi Group will be part of this process. The launch of the “stable coin” from Huobi is scheduled for the first half of this year.

Like many other major exchanges, Huobi has already begun to support various stebblokoiny, and also launched a solution called HUSD , which allows the user to "switch" between the various steamers presented on this trading platform.

In December and January, it was reported that in a bear market, Huobi is carrying out staff reductions, and as Livio Ven, company CEO, said in an interview with the South China Morning Post , if the current market climate persists, it may be really difficult.

“We do not know how long the bear market will last, so it is possible that it will not be easy for us to survive. We have to plan everything in advance and carefully approach the costs, ”said Van.

Despite the fact that the company intends to limit the financing of non-profit units, Livio Van is also confident that the company has such an advantage over its competitors as the availability of licenses in all the countries most important for its operations.

"We are the only one among the largest world exchanges who has such licenses, " added the head of Huobi.

He also noted that the reports for each month taken separately show that the company is still operating at a profit.

Earlier, in January, the Huobi Group launched a regulated cryptocurrency exchange in Japan.

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