HTX to delist Trump-linked USD1 after saying World Liberty Financial froze exchange-linked addresses
The move follows World Liberty Financial's apparent freeze of HTX-linked on-chain addresses, citing UK sanctions compliance, per HTX.
Cryptocurrency exchange HTX announced it will delist the Trump-linked USD1 stablecoin following actions taken by World Liberty Financial. The delisting comes after World Liberty Financial froze HTX-linked on-chain addresses, with HTX stating the freeze was implemented for UK sanctions compliance purposes.
World Liberty Financial, the crypto project backed by Donald Trump, recently launched USD1 as part of its decentralized finance platform. The project has garnered significant attention due to its high-profile connections and positioning within the growing DeFi ecosystem. HTX, formerly known as Huobi, ranks among the world's major cryptocurrency exchanges by trading volume.
The incident highlights ongoing regulatory challenges facing crypto exchanges and projects operating across multiple jurisdictions. Sanctions compliance remains a critical concern for platforms seeking to maintain global operations, particularly as regulatory frameworks continue to evolve. The delisting could impact USD1's liquidity and accessibility for traders, potentially affecting its market performance and adoption.
Market participants will be monitoring whether other exchanges take similar action regarding USD1 or if World Liberty Financial addresses the compliance issues that led to the address freezes. The situation also underscores the importance of regulatory alignment between crypto projects and the exchanges that list their tokens, as mismatches can quickly result in operational disruptions.
Source: The Block
