Original source: Huobi HTX

On May 6, the globally leading digital asset trading platform Huobi HTX officially announced the launch of the stablecoin USD1, becoming the first platform in the world to support trading of this asset. This marks another solid step for Huobi HTX in supporting high-quality blockchain projects and promoting the development of the crypto ecosystem. As the latest asset launched exclusively on Huobi HTX, USD1 has quickly attracted significant attention in the industry due to its strong compliance framework, transparent operations, and ambitious vision, and is regarded as a "new force" in the stablecoin sector.

As a compliant stablecoin launched by the fintech company World Liberty Financial (WLFI), USD1 is pegged 1:1 to the US dollar, aiming to achieve a seamless bridge between fiat currency and digital assets, enhancing the efficiency and inclusiveness of the global financial system. This stablecoin is custodied by BitGo Trust Company, the largest independent qualified custodian globally, fully compliant with US financial regulatory standards, providing users with a reliable digital asset solution.

USD1's Ambitious Vision: Disrupting the "Old System" of Traditional Finance

At the TOKEN 2049 summit held in Dubai on May 1, Huobi HTX Global Advisor and TRON founder Justin Sun engaged in a highly publicized fireside chat with Eric Trump, the second son of President Trump, and Zach Witkoff, co-founder of WLFI. Zach Witkoff candidly pointed out that the current traditional financial system is facing three structural challenges:

• Lack of transparency: Financial black box operations still exist, making it difficult for ordinary users to understand the true flow of funds;
• 1.4 billion people without bank accounts or services, excluded from the financial system;
• Inefficient cross-border payments, with the cost of exchanging dollars in some countries reaching as high as 9%.

The launch of USD1 is precisely aimed at addressing these pain points and redefining "stablecoins"—the goal is for USD1 to become the most compliant, transparent, and trustworthy stablecoin globally, with monthly audit reports and a complete opening of the underlying asset proof system to institutions. Eric Trump highly praised the positive role of compliant and transparent stablecoins like USD1 in promoting the internationalization of the US dollar and expressed confidence in blockchain technology's ability to change the traditional financial landscape.

Justin Sun emphasized during the discussion that financial freedom is the core value of blockchain technology. The launch of USD1 and the collaboration with WLFI represent an important step in the integration of DeFi and traditional finance, aiming to enable every user to easily use stablecoins via their mobile phones and participate in the global financial system.

As of May 6, the total market capitalization of USD1 has reached approximately $2.12 billion, ranking 45th on the CoinMarketCap cryptocurrency leaderboard, showing a rapid growth trend.

Huobi HTX Empowers Quality Projects, Promotes Long-term Development of the Crypto Ecosystem

As one of the world's top digital asset trading platforms, Huobi HTX has always adhered to the listing strategy of "supporting quality projects and creating value for users," providing users with a diverse and high-quality selection of digital assets through rigorous research capabilities and efficient execution. USD1, with its strong issuing team background, clear asset guarantee mechanism, strict auditing process, compliant and transparent regulatory path, and grand vision of financial freedom, aligns with Huobi HTX's consistent logic for selecting quality assets. By launching USD1, Huobi HTX offers users richer investment choices while promoting the widespread application of blockchain technology in the global financial system.

From WLFI's perspective, choosing Huobi HTX as the launch platform for USD1 is based on the platform's comprehensive competitiveness in the global market. As a top exchange deeply engaged in the global market, Huobi HTX has been recognized by Forbes as one of the most trustworthy exchanges, consistently maintaining industry leadership in user base, trading volume, ecosystem expansion, and technical security.

To celebrate the launch of USD1, Huobi HTX has specially introduced a limited-time fee waiver promotion. From May 6, 2025, 11:00 to December 31, 2025, 23:59 (GMT+8), the USD1/USDT spot trading pair will enjoy a 0 fee discount. Huobi HTX provides global users with an excellent opportunity to participate in the USD1 ecosystem with its efficient response speed and seamless user experience.

Strong Partnerships, Opening a New Chapter in Decentralized Finance

The launch of USD1 marks an important breakthrough in the stablecoin field. As a digital asset fully compliant and backed by fiat currency, USD1 will be 100% supported by short-term US Treasury bonds, dollar deposits, and other cash equivalents. By harnessing the power of DeFi and relying on the credibility and security of the most respected institutions in traditional finance, USD1 provides a solid guarantee for transparency and security, making it a trusted choice for institutional investors and ordinary users.

From a broader perspective, the significance of USD1 goes far beyond being a new type of stablecoin. It is an important vehicle for WLFI to promote decentralized finance and bridge the gap between traditional finance and the blockchain world, as well as a key part of the Trump family's strategy in the crypto space. As the global launch platform for USD1, Huobi HTX, with its strong ecological resources and global influence, offers unlimited possibilities for the rapid popularization and expansion of application scenarios for USD1.

As Justin Sun stated at the TOKEN 2049 summit: "We are standing at the intersection of history, and blockchain technology will redefine the boundaries of financial freedom." In the future, Huobi HTX will continue to uphold the principles of openness and innovation, collaborating with global quality projects to provide users with safer, more convenient, and efficient digital asset services, jointly writing a brilliant chapter in decentralized finance. Let us wait and see how USD1 and Huobi HTX will bring more surprises and opportunities to global users!

About Huobi HTX

Huobi HTX was established in 2013 and has developed over 11 years from a cryptocurrency exchange into a comprehensive blockchain business ecosystem, covering digital asset trading, financial derivatives, research, investment, incubation, and other businesses.

As a leading global Web3 portal, Huobi HTX adheres to a development strategy of global expansion, ecological prosperity, wealth effect, and security compliance, providing comprehensive, safe, and reliable value and services for virtual currency enthusiasts worldwide.

This article is from a submission and does not represent the views of BlockBeats.

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