Upgrade of HUSD and PAX 1:1 Exchange Function
Since the HUSD and PAX 1:1 exchange function was launched in October 2019, it has been widely praised by users. In order to better support users, the exchange function has recently been optimized and upgraded. The main updates are as follows:
1. The new exchange entry has been added to the homepage， and improved the redemption page. Users could log in the exchange interface from the new entry "Wealth Management-Buy HUSD-Convert to HUSD Now".
2. The handling fee will be charged for exchange orders from 18:00 (GMT+8) on August 13th，2020. Exchange HUSD into PAX, handling fee rate is 0.05%, and the rate for exchange PAX into HUSD is 0%. Users could view the handling fee charged for exchange orders on the exchange page.
HUSD is a USD-backed stablecoin issued by Stable Universal and pegged 1:1 to the U.S. dollar. Since launch in July of 2019, a growing number of applications in cryptocurrency trading, digital payments and DeFi has supported HUSD, and HUSD will continue to explore new opportunities to expand applications. The HUSD team is dedicated to providing safe, stable and convenient services to our users.
Click here to find out more about HUSD: www.stcoins.com
How to Exchange HUSD/PAX?
Step 1: Under the Balances, select ‘Exchange Account - HUSD Exchange’
Alternatively, click ‘Wealth Management- Buy HUSD’ top menu option and click ‘Convert to HUSD Now’.
Step 2: Click the exchange icon to modify exchange direction (The current exchange rate is 1:1. Nevertheless, please verify the fee rate before submission).
Step 3: Input the desired amount on the left to see the corresponding exchange value on the right.
Step 4: Upon clicking the ‘Exchange’ button, a pop-up window will appear. Users must click the ‘Confirm’ button to complete the transaction.
August 12, 2020