Huobi: $HBTC Strictly Abides by the 1: 1 Peg Guarantee

Huobi sent TokenInsight an email response to yesterday's $HBTC transparency question. Huobi said "$HBTC strictly abides by the 1: 1 peg guarantee, which allows users to exchange $HBTC for $BTC and vice versa at any time. To enhance $HBTC holders’ confidence, they have been gradually migrating $HBTC assets to Huobi Trust Company Limited for digital asset custody. Huobi Trust periodically provides proof of pledged collateral for H-series assets. At present a total of 38,970 $HBTC has been issued on-chain, with a redemption rate of 100%." At the same time, the official stressed that Huobi Global has never had any situation in which cryptocurrency assets have been lost, stolen, or for any other reason inaccessible to their holding users. Safety and security remain a foundation of their business.