Crypto Exchange HTX Delists USD1 Stablecoin Amid Dispute with World Liberty Financial

HTX, a prominent crypto exchange associated with Tron founder Justin Sun, has taken drastic measures in response to the freezing of its addresses by World Liberty Financial (WLFI). The company has delisted the USD1 stablecoin and suspended trading in several pairs, including WLFI/USDT, USD1/USDT, BTC/USD1, and ETH/USD1.

The decision was made due to what HTX claims is a breach of users' rights and assets by WLFI. The exchange states that its addresses were frozen 'without sufficient prior communication, adequate contractual or legal grounds, transparent disclosure, or adherence to due process'. As a result, users will have their USD1 converted to Tether (USDt) on a 1:1 basis.

HTX has also called on WLFI to reverse the freeze and is preparing to take further action to protect its users' interests. This includes potential legal actions against WLFI.