HTX Delists Trump-Backed USD1 After Wallet Freeze Dispute With WLFI

According to HTX's statement, the exchange delisted the Trump family-backed stablecoin USD1 after a dispute with World Liberty Financial (WLFI), which is associated with U.S. President Donald Trump. WLFI froze specific blockchain addresses linked to HTX as part of sanctions compliance reviews, which HTX claimed was done without sufficient communication or legal justification.

HTX suspended USD1 deposits, conversions, and trading pairs including USD1/USDT, BTC/USD1, and ETH/USD1. User holdings of USD1 will be converted to USDT at a 1:1 ratio. HTX called on WLFI to reverse the address restrictions and warned it may pursue legal action if the matter is not resolved.