The HUSD stablecoin has fallen to $0.92, an 8% drop from its planned $1 peg.
It is trading as low as $0.89 against the USDC stablecoin on decentralized finance (DeFi) protocol Curve Finance.
16 days earlier, crypto exchange FTX removed HUSD from its basket of support USD stablecoins.
The reserve-backed stablecoin is by Stable Universal.
A year ago, HUSD published a breakdown of reserves that showed every issued token was backed by U.S. dollars held in cash in money market accounts.
At press time, HUSD has a market cap of $149.5 million.
