On May 6, Huobi HTX, the worlds leading digital asset trading platform, officially announced the launch of the stablecoin USD 1, becoming the worlds first platform to support the trading of this asset, marking another solid step for Huobi HTX in supporting high-quality blockchain projects and promoting the development of the crypto ecosystem. As the first asset launched by Huobi HTX, USD 1 has quickly attracted great attention from the industry with its strong compliance architecture, transparent operations and grand vision, and is regarded as a new force in the stablecoin track.
As a compliant stablecoin launched by the fintech company World Liberty Financial (WLFI), USD 1 is anchored to the US dollar at a 1:1 ratio, aiming to achieve a seamless bridge between fiat currency and digital assets and improve the efficiency and inclusiveness of the global financial system. The stablecoin is held by BitGo Trust Company, the worlds largest independent qualified custodian, and fully complies with US financial regulatory standards, providing users with a reliable digital asset solution.
USD 1’s grand vision: subverting the traditional financial “old system”
At the TOKEN 2049 Summit held in Dubai on May 1, Justin Sun, global advisor of Huobi HTX and founder of TRON, had a highly anticipated fireside conversation with Eric Trump, the second son of President Trump, and Zach Witkoff, co-founder of WLFI. Zach Witkoff bluntly pointed out that the current traditional financial system is facing three major structural difficulties:
● Lack of transparency: Financial black box operations still exist, and it is difficult for ordinary users to understand the true flow of funds;
● 1.4 billion people are unbanked or unserved and excluded from the financial system;
● Cross-border payment efficiency is low. For example, the cost of exchanging dollars in some countries is as high as 9%.
USD 1 was launched to address these pain points and redefine stablecoin - the goal is to make USD 1 the most compliant, transparent and trustworthy stablecoin in the world. It will not only publish audit reports every month, but also completely open the underlying asset proof system to institutions. Eric Trump highly praised the positive role of compliant and transparent stablecoins like USD 1 in promoting the internationalization of the US dollar, and expressed his confidence in blockchain technology to change the traditional financial landscape.
Sun Yuchen emphasized in the dialogue that financial freedom is the core value of blockchain technology. The launch of USD 1 and the cooperation with WLFI are an important step in the integration of DeFi and traditional finance. The goal is to enable every user to easily use stablecoins through their mobile phones and participate in the global financial system.
As of May 6, the total market value of USD 1 has reached approximately US$2.12 billion, ranking 45th in the CoinMarketCap cryptocurrency rankings, showing a rapid growth trend.
Huobi HTX empowers high-quality projects and promotes the long-term development of the crypto ecosystem
As one of the worlds top digital asset trading platforms, Huobi HTX has always adhered to the listing strategy of supporting high-quality projects and creating value for users, and provides users with diversified and high-quality digital asset options with rigorous investment research capabilities and efficient execution. USD 1, with its strong issuance team background, clear asset guarantee mechanism, strict audit process, compliant and transparent regulatory path, and grand vision of financial freedom, conforms to Huobi HTXs consistent logic of high-quality asset screening. By launching USD 1 for the first time, Huobi HTX provides users with more abundant investment options, while promoting the widespread application of blockchain technology in the global financial system.
From the perspective of WLFI, the choice of Huobi HTX as the first launch platform of USD 1 is based on the platforms comprehensive competitiveness in the global market. As a top exchange with deep roots in the global market, Huobi HTX is rated as one of the most trustworthy exchanges by Forbes, and it has always maintained an industry-leading position in terms of user base, transaction scale, ecological expansion, and technical security.
To celebrate the launch of USD 1, Huobi HTX has launched a limited-time free transaction fee event. From 11:00 on May 6, 2025 to 23:59 on December 31, 2025 (GMT+8), the USD 1/USDT spot trading pair will enjoy a 0 transaction fee discount. Huobi HTX provides global users with an excellent opportunity to participate in the USD 1 ecosystem first with its efficient response speed and seamless user experience.
Powerful alliance opens a new chapter in decentralized finance
The launch of USD 1 marks an important breakthrough in the stablecoin field. As a fully compliant digital asset backed by fiat currency, USD 1 will be 100% backed by short-term U.S. Treasury bonds, U.S. dollar deposits and other cash equivalents. By introducing the power of DeFi and based on the credibility and guarantee of the most respected institutions in the traditional financial field, USD 1 provides solid guarantees for transparency and security, making it a trusted choice for institutional investors and ordinary users.
From a more macro perspective, USD 1 is more than just 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. It is also a key link in the Trump familys layout in the crypto field. As the global launch platform of USD 1, Huobi HTX provides unlimited possibilities for the rapid popularization and application scenario expansion of USD 1 through its powerful ecological resources and global influence.
As Justin Sun said 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 concept of openness and innovation, work with high-quality global projects, provide users with safer, more convenient and efficient digital asset services, and jointly write a glorious chapter in decentralized finance. Let us wait and see how USD 1 and Huobi HTX will bring more surprises and opportunities to global users!
About Huobi HTX
Huobi HTX was founded in 2013. After 11 years of development, it has grown from a cryptocurrency exchange to a comprehensive blockchain business ecosystem covering digital asset trading, financial derivatives, research, investment, incubation and other businesses.
As the worlds leading Web3 portal, Huobi HTX adheres to the development strategy of global expansion, ecological prosperity, wealth effect, and security and compliance, providing comprehensive, safe and reliable value and services to virtual currency enthusiasts around the world.
For more information about Huobi HTX, please visit HTX Square or https://www.htx.com/ and follow us on X , Telegram and Discord . For further questions, please contact glo-media@htx-inc.com
