1. What is HUSD?

HUSD is a stablecoin designed to maintain a 1:1 exchange rate with the US dollar (USD). Its main features include:

1. Stability: The value of HUSD is pegged to the US dollar, aimed at reducing the risk of price fluctuations in tokens, providing a stable choice for tokens.
2. Infrastructure: As a stablecoin, HUSD can provide infrastructure for the tokens industry, promoting the application and innovation of tokens.
3. Delisting: On October 28, 2022, HTX announced the delisting of HUSD and will exchange it for USD at a 1:1 ratio.

In summary, HUSD is a stablecoin intended to provide a stable choice for tokens, but it has already been delisted on certain trading platforms.

2. Who founded HUSD?

HUSD is a stablecoin solution launched by HTX (Huobi). According to relevant information, HUSD was initially announced by HTX as a "comprehensive stablecoin solution" on October 19, 2018. It was not founded by a single individual, but developed and launched by the HTX team.

3. Which venture capital firms invested in HUSD?

According to the provided information, the investment background of HUSD primarily involves the following key points:

1. Collaboration between Huobi and Stable Universal: HUSD was initially launched by Huobi and later taken over by Stable Universal. Stable Universal's CEO Frank Zhang is also the chairman of Huobi Trust's board.

2. Participation of Paxos Trust Company: In July 2019, HUSD was officially relaunched, with Paxos Trust Company serving as its asset custodian.

However, the information provided does not specifically mention which venture capital firms invested in HUSD. The related investment information primarily involves investment situations for other tokens and blockchain projects, such as BlockTower, CoinMex, BHex, etc. Therefore, it is not possible to determine which venture capital firms invested in HUSD from the provided information.

4. How does HUSD operate?

HUSD is a stablecoin whose value is pegged to the US dollar. Here’s how HUSD operates:

1. Issuance and management: HUSD was launched by Stable Universal and Huobi, originally published in October 2018. Stable Universal is responsible for managing the issuance and operation of HUSD.

2. US dollar support: When users deposit US dollars into the HUSD system, the corresponding HUSD tokens will be issued to the users. These HUSD tokens can be traded on exchanges that support HUSD transactions and can be used to redeem other stablecoins.

3. Multi-chain support: HUSD supports multiple token standards, including ERC-20, TRC-20, CRC-20, and HECO. This provides HUSD with better interoperability and broader applicability.

4. Transparency and auditing: HUSD's reserves are maintained by Huobi Trust Company, and the collateral reserves are audited monthly to ensure that the supply of digital currency matches that of fiat assets.

5. Redemption and withdrawal: Users can send HUSD tokens to a designated wallet address held by Stable Universal, which will then redeem the HUSD tokens for fiat and transfer them to the bank account provided by the user.

6. Compliance: HUSD complies with US regulations regarding tokens, including Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements.

7. Decentralization and proof of reserves: The HUSD token network employs a proof of reserves system, ensuring that assets are fully collateralized.

In conclusion, HUSD provides a stable and secure way to trade tokens through its features, including its peg to the US dollar, multi-chain support, transparency and auditing, redemption and withdrawal processes, compliance, and decentralization with proof of reserves.