HTX Delists Trump-Linked USD1 Stablecoin on June 7 After Address Freeze Dispute

According to HTX official announcement, the exchange will delist World Liberty Financial's USD1 stablecoin and convert eligible user holdings into Tether's USDT at a 1:1 ratio, effective June 7 at 3:00 UTC. The delisting follows a dispute over frozen onchain addresses linked to HTX.

HTX suspended trading on USD1 pairs as of June 5 after World Liberty Financial froze specific exchange-linked addresses during sanctions compliance reviews. HTX spokesperson Molly Fu stated the affected assets "are not assets belonging to any sanctioned entity" but instead "assets legally purchased and owned by individual users." HTX called the freeze action unilateral and lacking adequate contractual grounds or due process, arguing it directly harmed users' asset rights. The freeze was triggered after UK sanctions designated Huobi Global S.A. on May 26 for facilitating over $1.5 billion in flows supporting Russian sanctions evasion.