HTX delists Trump-linked USD1 stablecoin

Crypto exchange HTX announced it will delist the USD1 stablecoin, which is linked to former President Trump, and convert user holdings to USDT. This action follows World Liberty Financial (WLFI), the issuer of USD1, freezing specific HTX on-chain addresses due to sanctions compliance reviews. HTX has called for WLFI to immediately unfreeze these assets. The delisting is set to take effect on June 7, with trading pairs involving USD1 already suspended.