Hatom (HTM) Soars 65% as Project Unveils $USH Stablecoin Website Before Mainnet Launch

On February 21st, 2025, the cryptocurrency market witnessed a notable surge in the price of Hatom (HTM), reaching $0.8568, a 65.4% increase in the last 24 hours. This significant price jump follows the recent launch of Hatom’s USH stablecoin website, designed to offer users an engaging exploration of the USH ecosystem.

Notably, the company said it is diligently finalizing preparations for the momentous launch of USH on Mainnet, an event poised to reshape the MultiversX experience fundamentally. A V2 version of this website, incorporating USH V2 and its forthcoming facilitator, Proxy, is also under development.

Additionally, the company noted that eleven days remain until launch, which is scheduled for March 3rd, 2025. The update will provide comprehensive details on USH and Booster V2 parameters and outline user expectations.

What is Hatom (USH) USD?

USH, the first decentralized, multi-collateral stablecoin on the MultiversX blockchain, offers a unique solution. Users mint USH using various blue-chip assets (like WETH, WBTC, USDC, USDT, UTK, MEX, or HTM) through facilitators such as the Lending Protocol.

Existing stablecoins rely on bridges, introducing security risks and high fees. USH addresses these issues by offering a native, innovative solution tailored to the needs of MultiversX DeFi users, improving accessibility and efficiency.

Users can also create USH without interest using EGLD or wTAO through isolated pools. The platform preserves USH’s dollar peg by demanding collateral; repayment or liquidation of loans burns USH, maintaining its stability.

Decentralized finance (DeFi) relies heavily on stablecoins for smooth transactions and protection from market fluctuations. Nevertheless, the MultiversX ecosystem faces a shortage of decentralized stablecoins, creating a demand for new solutions like USH.

USH to Launch on Public Mainnet on March 3rd.

USH’s mainnet launch on March 3rd, 2025, for Hatom (HTM) and MultiversX (EGLD) is set to boost growth significantly. Following an intensive period of development, the company announced on X, stating:

“USH will launch on the MultiversX mainnet on March 3rd. This launch, the result of extensive development, promises a transformative addition to the MultiversX ecosystem. A countdown timer on our website shows the time remaining until launch.”

Although USH was initially fully prepared for mainnet deployment, the concurrent development of Booster V2 necessitated a slight postponement.

Booster V2’s launch depended on a significant update to xExchangeApp’s smart contracts, which took longer than expected due to the complexity of the changes. This integration was vital; otherwise, users couldn’t earn rewards from Energy when staking liquidity provider (LP) tokens through Booster V2.

According to Hatom, in a statement released in December 2023, states:

“Before release, all code is thoroughly audited. While Booster V2 was initially audited, the xExchangeApp integration requires a new audit, currently underway with Arda and expected to finish by February 15th. Assuming this audit is successful, USH will launch on March 3rd as planned.”

Hatom $HTM Price Surges

Following the launch of the USH stablecoin website, $HTM surged by 65.4%, a development that appears to have significantly impacted investor sentiment and market activity.

The trading volume for HTM has also experienced a dramatic increase, reaching $1 million in the last 24 hours. This represents a staggering 587.90% increase compared to the previous day, clearly indicating a substantial influx of trading activity surrounding the cryptocurrency. According to CoinGecko data, this surge in volume positions HTM amongst the highest-volume cryptocurrencies.

However, the current price represents a 76.23% decrease from the all-time high of $3.62 recorded on December 10th, 2023, signifying a considerable recovery. Conversely, the current price is a remarkable 220.59% higher than the all-time low of $0.268, observed on September 12th, 2023.

The positive momentum extends beyond the immediate price increase. Over the past seven days, Hatom (HTM) has exhibited robust growth, appreciating by 65.30%. Furthermore, Hatom’s performance surpasses similar Decentralized Finance (DeFi) cryptocurrencies, which saw a 3.00% rise.

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