Huobi Cryptocurrency Exchange will launch its stablecoin in early 2019

Cryptobirge Huobi plans to release its own steblecoin this year as part of its roadmap, Cointelegraph writes. During a presentation in Singapore this Tuesday, company commercial director Chris Lee also announced plans to upgrade the trading platform and continue its global expansion.

“The year 2018 threw us serious challenges, but personally I am optimistic about the prospects for the cryptocurrency market. “I really think this situation will be corrected this year, ” he said.

This year will be very important for the stablecoins, and we are not going to keep up with the trend. Probably, the Huobi Group will launch its own stableblock in the first half of the year. ”

In October last year, Huobi significantly expanded the list of stablecockcoins supported by its platform and launched a solution called HUSD, which allows users to exchange between four of them.

In addition, today, the South China Morning Post portal reported that Huobi CEO Livio Van confirmed the information about the company's downsizing.

“We do not know how long the bear market will last, so we assume that we will have to fight for existence. We plan ahead and we spend money wisely , ”he said, adding that his company limits the financing of non-profit units.

In recent weeks, a total of Huobi has reduced about 100 positions and currently has about 1,300 employees worldwide.

At the same time, according to Venus, Huobi remains profitable for each individual month.

Recently a blockchain cryptocurrency crypto-currency wallet informed about its intention to integrate one of the existing steylbcoins into its platform.

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