On May 6, 2025, HTX, a global cryptocurrency exchange, announced the listing of USD1, becoming the first platform to support trading of this stablecoin. This move highlights HTX's commitment to blockchain projects and the crypto ecosystem. USD1, issued by World Liberty Financial (WLFI), is pegged 1:1 to the US dollar and custodied by BitGo Trust Company, ensuring compliance with US financial regulations.
During TOKEN 2049, discussions involving Justin Sun, Eric Trump, and Zach Witkoff highlighted USD1's aim to address transparency, financial exclusion, and cross-border payment inefficiencies. USD1 aims to be a compliant and transparent stablecoin, with monthly audits and open asset reserve information. As of May 6, 2025, USD1 has a market capitalization of $2.12 billion, ranking 45th on CoinMarketCap.
HTX is offering zero-fee trading for the USD1/USDT spot pair from May 6, 2025, to December 31, 2025 (GMT+8). This promotion provides an opportunity for users to engage with the USD1 ecosystem early. The listing of USD1 on HTX aims to promote the adoption of blockchain technology and decentralized finance.
HTX, founded in 2013, has evolved into a comprehensive blockchain ecosystem. The company provides users with safe and reliable services, adhering to a growth strategy focused on global expansion and security. HTX is dedicated to providing quality services to virtual asset enthusiasts worldwide.
This article is based on our author's analysis of materials taken from the following resource: www.prnewswire.co.uk.