Digital asset trading platform HTX has officially announced the launch of stablecoin USD1, becoming the first global platform to support this asset's trading, marking another solid step for HTX in supporting quality blockchain projects and promoting crypto ecosystem development. As HTX's first network-wide launched asset, USD1 has quickly attracted high industry attention with its powerful compliance architecture, transparent operations, and grand vision, and is viewed as a "new force" in the stablecoin track.
As a compliant stablecoin launched by financial technology company World Liberty Financial (WLFI), USD1 is pegged 1:1 to the US dollar, aiming to create a seamless bridge between fiat and digital assets, and enhance the efficiency and inclusiveness of the global financial system. The stablecoin is custodied by BitGo Trust Company, the world's largest independent qualified custodian, fully complying with US financial regulatory standards and providing users with a trustworthy digital asset solution.
USD1's Grand Vision: Disrupting the Traditional Financial "Old System"
At the TOKEN 2049 conference in Dubai on May 1st, HTX Global Advisor and TRON founder Justin Sun engaged in a highly anticipated fireside chat with Eric Trump, son of the former president, and WLFI co-founder Zach Witkoff. 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 lack bank accounts or services, excluded from the financial system;
- Low cross-border payment efficiency, with currency exchange costs reaching up to 9% in some countries.
The launch of USD1 is precisely to address these pain points and redefine "stablecoin" - with the goal of making USD1 the most compliant, transparent, and trustworthy stablecoin globally, publishing monthly audit reports and completely opening its underlying asset proof system to institutions. Eric Trump highly praised the positive role of compliant and transparent stablecoins like USD1 in promoting US dollar internationalization and expressed confidence in blockchain technology's potential to change the traditional financial landscape.
Justin Sun emphasized in the dialogue that financial freedom is the core value of blockchain technology. The launch of USD1 and collaboration with WLFI is an important step in merging DeFi with traditional finance, with the goal of enabling every user to easily use stablecoins via mobile phones and participate in the global financial system.
As of May 6th, USD1's total market value has reached approximately $2.12 billion, ranking 45th on the CoinMarketCap cryptocurrency list, showing rapid growth.
HTX Empowering Quality Projects and Promoting Long-term Crypto Ecosystem Development
As one of the world's top digital asset trading platforms, HTX has always adhered to the listing strategy of "supporting quality projects and creating value for users", providing users with diverse, high-quality digital asset choices through rigorous research and efficient execution. USD1, with its strong issuing team background, clear asset collateralization mechanism, strict audit processes, compliant and transparent regulatory pathway, and grand financial freedom vision, meets HTX's consistent high-quality asset screening logic. By launching USD1, HTX provides users with richer investment options while promoting blockchain technology's widespread application in the global financial system.
From WLFI's perspective, choosing HTX as USD1's launch platform is based on the platform's comprehensive competitiveness in the global market. As a platform deeply rooted in the global market, HTX has been rated by Forbes as one of the most trustworthy exchanges, consistently leading the industry in user base, trading volume, ecosystem expansion, and technical security.
To celebrate USD1's launch, HTX has introduced a limited-time zero-fee activity. From May 6th, 2025, 11:00 to December 31st, 2025, 23:59 (GMT+8), the USD1/USDT spot trading pair will enjoy zero transaction fees. HTX provides global users with an excellent opportunity to participate in the USD1 ecosystem through efficient response and seamless user experience.
Strong Collaboration, Opening a New Chapter in Decentralized Finance
The launch of USD1 marks a significant breakthrough in the stablecoin field. As a fully compliant digital asset backed by fiat currency, USD1 will be 100% supported by short-term US Treasury bonds, US dollar deposits, and other cash equivalents. By introducing DeFi's power and leveraging the reputation and guarantees of the most respected institutions in traditional finance, USD1 provides solid guarantees for its transparency and security, becoming a trusted choice for institutional investors and ordinary users.
From a more macro perspective, USD1's significance goes beyond being a new type of stablecoin. It is an important carrier for WLFI to promote decentralized finance and bridge the gap between traditional finance and the blockchain world, and a key part of the Trump family's crypto ecosystem strategy. As the global first launch platform for USD1, HTX provides unlimited possibilities for USD1's rapid popularization and application scenario expansion through its powerful ecosystem resources and global influence.
As Justin Sun said at the TOKEN 2049 conference: "We are standing at a historical intersection where blockchain technology will redefine the boundaries of financial freedom." In the future, HTX will continue to uphold an open and innovative philosophy, collaborate with global quality projects, provide users with safer, more convenient, and efficient digital asset services, and jointly write a brilliant chapter in decentralized finance. Let's wait and see how USD1 and HTX will bring more surprises and opportunities to global users!
About HTX
Founded in 2013, HTX has developed over 11 years from a cryptocurrency exchange to a comprehensive blockchain business ecosystem, covering digital asset trading, financial derivatives, research, investment, incubation, and other businesses.
As a global leading Web3 portal, HTX follows a development strategy of global expansion, ecosystem prosperity, wealth effect, and security compliance, providing comprehensive, safe, and reliable value and services for world virtual currency enthusiasts.
