Huobi Wallet has added support for an EOS-based stablecoin called EOSDT. It is the eight stablecoin the Huobi Group’s wallet supports.
According to a press release, Huobi Wallet and Equilibrium, the framework behind the EOSDT stablecoin, partnered so the multi-currency wallet supports the decentralized EOS-based stablecoin.
Huobi Wallet will reportedly be launching the Equilibrium decentralized application, which will give its wallet’s users a “simple native interface for generating EOSDT” and managing their positions with it.
Its users have reportedly generated about 5.3 million EOSDT tokens since it was launched, and are earning a 0.3% profit on their collateral.
With this addition of the EOSDT stablecoin, Huobi Wallet will now support eight stablecoins – PAX, TUSD, USDC, EURS, DAI, GUSD, USDT, and EOSDT – as well as various cryptocurrencies, including BTC, ETH, and LTC.
The CEO of Huobi Wallet, Will Huang, said:
Our users have a strong demand of stable coins, and Huobi Wallet will keep supporting more of them based on the market’s demands and users’ choice. EOSDT, which is based on EOS, plays a critical role in the EOS ecosystem, and we are pleased to support it in Huobi Wallet.