Huobi HTX Lists USD1 Stablecoin, Joins Forces with WLFI to Kickstart the New Era of Crypto Finance

2025-05-06 21:55

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Source: Huobi HTX

On May 6, the globally leading digital asset trading platform, Huobi HTX, officially announced the launch of the stablecoin USD1, becoming the world's first platform to support the trading of this asset. This milestone signifies another solid step for Huobi HTX in supporting high-quality blockchain projects and advancing the development of the crypto ecosystem. As the latest asset to be fully launched on Huobi HTX, USD1, with its robust compliance framework, transparent operation, and grand vision, quickly drew industry-wide attention and is seen as a "new force" in the stablecoin arena.

As a compliant stablecoin launched by the fintech company World Liberty Financial (WLFI), USD1 is pegged 1:1 to the US dollar, aiming to achieve a seamless bridge between fiat and digital assets, enhancing the efficiency and inclusivity of the global financial system. This stablecoin is custody by BitGo Trust Company, the world's largest independent qualified custodian, fully compliant with US financial regulatory standards, providing users with a trusted digital asset solution.

USD1's Grand Vision: Disrupting the Traditional Financial "Old System"

At the TOKEN 2049 summit held in Dubai on May 1, Huobi HTX's global advisor and TRON founder Justin Sun, along with Eric Trump, son of former President Trump, and Zach Witkoff, co-founder of WLFI, engaged in a highly anticipated fireside chat. Zach Witkoff candidly pointed out that the current traditional financial system faces three major structural challenges:

· Lack of Transparency: Financial opacity still exists, making it difficult for ordinary users to understand the true flow of funds;

· 1.4 billion people without bank accounts or services, excluded from the financial system;

· Inefficient cross-border payments, with some countries having up to a 9% cost to convert to USD.

The launch of USD1 is aimed at addressing these pain points and redefining the concept of "stablecoin"—the goal is to make USD1 the most compliant, transparent, and trustworthy stablecoin globally. Not only will audit reports be published monthly, but the underlying asset proof system will be completely open to institutions. Eric Trump highly praised the positive role of compliant and transparent stablecoins like USD1 in promoting the internationalization of the US dollar and expressed confidence in blockchain technology's ability to reshape the traditional financial landscape.

Justin Sun emphasized in the conversation that financial freedom is a core value of blockchain technology. The launch of USD1 and the collaboration with WLFI are important steps in the integration of DeFi and traditional finance, aiming to enable every user to easily use stablecoins via their mobile phones and participate in the global financial system.

As of May 6, the total market capitalization of USD1 has reached approximately 2.12 billion US dollars, ranking 45th on the CoinMarketCap cryptocurrency list and showing a rapid growth trend.

Huobi HTX Empowers High-Quality Projects, Driving Long-Term Development of the Crypto Ecosystem

As one of the world's top digital asset trading platforms, Huobi HTX has always adhered to the listing strategy of "supporting high-quality projects and creating value for users," providing users with diverse and high-quality digital asset choices through rigorous research capabilities and efficient execution. USD1, with its strong issuing team background, clear asset collateral mechanism, strict audit process, compliant and transparent regulatory path, and grand vision of financial freedom, aligns with Huobi HTX's consistent logic of selecting high-quality assets. Through the initial launch of USD1, Huobi HTX provides users with a more diversified investment selection while driving the widespread adoption of blockchain technology in the global financial system.

From the perspective of WLFI, choosing Huobi HTX as the initial platform for USD1 is based on the comprehensive competitive considerations of the platform in the global market. As a top exchange deeply rooted in the global market, Huobi HTX has been recognized by Forbes as one of the most trusted exchanges, consistently maintaining industry leadership in user base, trading volume, ecosystem expansion, technical security, and more.

To celebrate the launch of USD1, Huobi HTX has specially launched a limited-time fee-free activity. From 11:00 on May 6, 2025, to 23:59 on December 31, 2025 (GMT+8), the USD1/USDT spot trading pair will enjoy a 0% fee discount. With efficient response speed and seamless user experience, Huobi HTX has provided a great opportunity for global users to participate in the USD1 ecosystem.

Strong Partnership, Initiating a New Era of Decentralized Finance

The launch of USD1 marks a significant breakthrough in the stablecoin field. As a fiat-backed, fully compliant digital asset, USD1 is 100% supported by short-term U.S. Treasury bonds, dollar deposits, and other cash equivalents. By harnessing the power of DeFi and leveraging the reputation and guarantees of the most respected institutions in the traditional financial sector, USD1 has solid security and transparency, making it a trusted choice for institutional investors and ordinary users.

From a broader perspective, the significance of USD1 goes far beyond just a new type of stablecoin. It is a key vehicle for WLFI to promote decentralized finance and bridge the gap between traditional finance and the blockchain world, as well as a crucial part of the Trump family's crypto domain layout. As the global launch platform for USD1, Huobi HTX, through its strong ecosystem resources and global impact, has provided unlimited possibilities for the rapid adoption and expansion of use cases for USD1.

Just as Justin Sun said at the TOKEN 2049 summit: "We are standing at a historic juncture, and blockchain technology will redefine the boundaries of financial freedom." In the future, Huobi HTX will continue to uphold the open and innovative concept, collaborate with high-quality projects worldwide, and provide users with more secure, convenient, and efficient digital asset services, jointly scripting the brilliant chapter of decentralized finance. Let us wait and see how USD1 and Huobi HTX will bring more surprises and opportunities to global users!

About Huobi HTX

Founded in 2013, Huobi HTX has developed over 11 years from a cryptocurrency exchange into a comprehensive blockchain business ecosystem covering digital asset trading, financial derivatives, research, investment, incubation, and other businesses.

As a global leading Web3 portal, Huobi HTX adheres to a development strategy of global expansion, ecological prosperity, wealth effect, and security and compliance, providing world cryptocurrency enthusiasts with comprehensive, secure, and reliable value and services.