Justin Sun ‘Optimistic’ About Crypto’s Return to China, Addresses Huobi Acquisition

But in order for Huobi to compete on a global scale, Sun said the exchange needs traction on its U.S. dollar-backed stablecoin, HUSD. Sun said one of his focus areas will be making USDD, the algorithmic stablecoin he created, one of the “settlement stablecoins” on Huobi.