HTX Delists USD1 on June 7 After WLFI Freezes Exchange-Linked Addresses

According to HTX, on June 7, the exchange delisted USD1 stablecoin issued by Trump-backed World Liberty Financial (WLFI) after the project froze HTX-linked blockchain addresses without adequate notice or legal justification. HTX accused WLFI of restricting assets belonging to ordinary exchange users during a unilateral sanctions compliance review.

HTX has suspended USD1 deposits and conversion services, converting eligible customer balances to Tether's USDT at a one-to-one ratio. The exchange also halted trading pairs including USD1/USDT, WLFI/USDT, BTC/USD1, and ETH/USD1. WLFI has not directly addressed HTX's allegations but stated it maintains risk-based sanctions compliance controls.