HTX Delists Trump-Linked Stablecoin Amid Dispute Over Frozen User Assets

Crypto exchange HTX has delisted USD1, a stablecoin issued by World Liberty Financial (WLFI), amid a dispute over frozen addresses. This decision comes after WLFI imposed restrictions on specific HTX-linked wallets during a sanctions compliance review.

HTX argued that the freeze affected assets belonging to ordinary users and was carried out without sufficient communication, transparent disclosure, or due process. In response, the exchange has opted to exit USD1 entirely and convert eligible customer balances into Tether's USDT at a one-to-one ratio.