HTX Exchange Delists USD1 Stablecoin Amid Asset Freeze Controversy

The recent decision by HTX to delist USD1 stablecoin has sparked controversy in the crypto community.

HTX announced on June 6 that it would be removing USD1 from its platform due to potential risks and the need to protect user assets. This move follows a suspension of several trading pairs involving WLFI tokens, including WLFI/USDT, USD1/USDT, BTC/USD1, and ETH/USD1.

According to HTX, the decision to delist USD1 was made to maintain fair trading conditions on the exchange. However, some have speculated that the move may be related to an ongoing asset freeze controversy between Justin Sun's HTX and World Liberty Financial (WLFI), a project backed by Donald Trump.