PANews reported on December 18th that, according to an official announcement, Huobi HTX will launch $U (United Stables) on December 18th at 20:30 (UTC+8). Deposit service for $U opened at 20:00 (UTC+8) on December 18th.

$U is reportedly a fully collateralized, business-grade stablecoin designed for institutional trading, DeFi liquidity, treasury operations, and cross-border settlements. It is the first stablecoin to achieve liquidity aggregation, fully collateralized 1:1 with cash and audited stablecoins.