HTX Takes Down USD1 Stablecoin Amid Feud with Trump-Backed Company

HTX, a crypto exchange associated with TRON (TRX) founder Justin Sun, has taken drastic action against World Liberty Financial by delisting its USD1 stablecoin. This decision follows an earlier move by the exchange to suspend trading activities related to the stablecoin.

The rationale behind HTX's actions appears to be a response to World Liberty Financial's unilateral freezing of on-chain addresses linked to the exchange, citing sanctions compliance reviews. HTX claimed that this move infringed upon the rights and interests of its users and their assets.

HTX has also emphasized its distinction from Houbi Global S.A., which faced regulatory issues including an enforcement action by the UK's Financial Conduct Authority (FCA) for offering unregistered crypto services. The exchange aims to protect its users' asset rights and continues to seek accountability from World Liberty Financial.