Huobi is aggressively trying to come forward in the<a href="https://www.cryptoknowmics.com/crypto/tether-adds-chainalysis-aml-compliance-tools-to-track-suspicious-transactions/"> Tether</a> led stablecoin race. A recent event of the exchange minting another 1,300,000 Huobi USD, supports the statement very well.

Competition in the<a href="https://www.cryptoknowmics.com/crypto/cftc-advisory-committee-holds-meeting-to-better-understand-stablecoins/"> stablecoin market</a> is increasing day by day with exchanges like Huobi getting involved by ramping up HUSD issuance.
<h2>Huobi Continually Trying To Take Over The Stablecoin Market</h2>
There’s no doubt that exchanges issued Stablecoins are taking over the market with great speed. The Stablecoin issued by Industry’s largest exchange,<a href="https://www.cryptoknowmics.com/crypto/binance-facilitates-zero-cost-fiat-fees-for-popular-payment-methods/"> Binance</a> has seen its supply increase in 2020. The exchange minted 5,000,000 BUSD at the start of the month with the help of PAX Treasury and then recently it issued another $10M BUSD to calm the markets.

Although Huobi USD is yet not that famous, a slight increase has been seen in its activities in 2020. The $5M HUSD mint seen earlier in this month has shocked many. Exchanges are stepping further by ramping up the presence of their stablecoin given the exceptionally well performance of their coins.
<blockquote class="twitter-tweet">
? 1,300,000 <a href="https://twitter.com/hashtag/HUSD?src=hash&amp;ref_src=twsrc%5Etfw">#HUSD</a> (1,300,000 USD) minted at <a href="https://twitter.com/hashtag/Huobi?src=hash&amp;ref_src=twsrc%5Etfw">#Huobi</a>
Tx: <a href="https://t.co/gTZ4MmDt4f">https://t.co/gTZ4MmDt4f</a>

— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1232933383556255749?ref_src=twsrc%5Etfw">February 27, 2020</a></blockquote>
Huobi has minted another 1,300,000 HUSD today which will enter the market soon, reported Whale Alert (@whale_alert). It is clear that Houbi is continuously trying to jump into the stablecoin race, although it is still not enough for the coin to move the market yet.
<h2>Tether Leading The Crypto Market With $70 Billion Market Cap</h2>
Despite the effects of BUSD, USDC and HUSD, Tether (USDT) has maintained its position so far as the leading stablecoin. Backed by<a href="https://www.cryptoknowmics.com/crypto/okex-and-bitfinex-crypto-exchanges-hit-by-ddos-attacks/"> Bitfinex</a>, Tether has a trading volume fo $70 billion which is consistently boasting higher as compared to all Bitcoin trading pairs.

As the emerging projects like BUSD and HUSD are continually trying to unseat Tether from its top position, it looks like there would be a stablecoin war in the crypto market soon. But for now, even if the market cap of non-Tether stablecoins would be combined, it won’t compare to the Tether which is the clear winner of the race.

Another $1.3 Million HUSD Minted By Huobi Exchange

Cryptocurrency exchange Huobi has minted another 1,300,000 Huobi USD (HUSD) today to jump into the Tether led stablecoin race.

Javeria is into the crypto world ever since she heard about it and is pursuing her interest through cryptoknowmics. She is a sensational poet, technical writer and content strategist. Not to mention that she can go crazy when it comes to vampires and Wonder woman.

Another $1.3 Million HUSD Minted By Huobi Exchange

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