HTX Delists USD1 Stablecoin Amid Dispute Over Frozen Addresses

Crypto exchange HTX has announced the delisting of USD1 stablecoin due to a dispute over frozen onchain addresses linked to the exchange.

The freeze was carried out by World Liberty Financial, a project behind USD1 and WLFI governance token, without adequate communication or contractual grounds, according to HTX.

Eligible user holdings will be converted into Tether's USDT at a 1:1 ratio. This move is seen as a sharp escalation in the conflict between HTX and World Liberty Financial, with implications for stablecoin markets and exchange credibility.