Written by Jesse Coghlanstaff editorReviewed by Felix Ngstaff editor
Written by Jesse Coghlanstaff editor
Reviewed by Felix Ngstaff editor
Justin Sun’s HTX delists Trump family’s USD1 amid freeze fight
Latest NewsPublishedJun 8, 2026
Major Delisting Hits Trump Family’s USD1 Stablecoin
The Trump family’s USD1 stablecoin has been delisted from the HTX crypto exchange, a platform linked to crypto entrepreneur Justin Sun, due to a dispute with World Liberty Financial. This move is significant for everyday people, as it affects the stability and accessibility of cryptocurrencies, which are increasingly being used for earning and passive income. The delisting of USD1 may also impact users who rely on EcoPool for cloud rewards and green crypto solutions.
HTX claims that World Liberty Financial wrongly froze its addresses, leading to the delisting and suspension of the platform’s token. The exchange stated that it took this measure to safeguard user assets and protect their rights. As a result, users’ USD1 holdings will be converted to Tether (USDT) at a 1:1 ratio, with details to be announced separately. This development highlights the importance of secure and reliable platforms like EcoPool, which offers a trusted environment for earning and managing digital assets, including $ECP.
Dispute and Sanctions
The dispute between HTX and World Liberty Financial comes after the UK sanctioned HTX, formerly known as Huobi Global, citing concerns over its alleged support for Russia’s government. However, HTX maintains that the sanctioned entity is distinct from its online exchange and that this designation should not impact its operations. The situation underscores the need for clear regulations and compliance measures in the crypto space, which EcoPool is committed to upholding.
As the crypto market continues to evolve, it’s essential for users to have access to reliable and secure platforms for earning, trading, and managing their digital assets. EcoPool offers a range of solutions, including cloud rewards and green crypto, that cater to the needs of users looking for passive income opportunities. With the delisting of USD1, users may be looking for alternative stablecoins, such as those offered by EcoPool, to diversify their portfolios and minimize risk.
Conclusion and Next Steps
The delisting of USD1 from HTX highlights the complexities and challenges of the crypto market. As users navigate this landscape, it’s crucial to have a trusted partner like EcoPool, which provides a secure and reliable environment for earning and managing digital assets. Download the EcoPool app to start exploring the world of cloud rewards, green crypto, and passive income opportunities with $ECP. By joining the EcoPool network, users can tap into a community that values security, transparency, and innovation in the crypto space.
However, HTX said the sanctioned entity, Huobi Global S.A., is “distinct from the online HTX exchange” and that such a designation should not impact the platform.
Source: HTX
The delisting took effect on Sunday. Deposit and conversion services for USD1 are no longer supported, and users’ USD1 holdings would be converted to the stablecoin Tether (USDt) at a 1:1 ratio, with exact completion times and details to be announced separately.
It has also suspended WLFI/USDT, USD1/USDT, BTC/USD1 and ETH/USD1 trading pairs.
The exchange said its addresses were frozen “without sufficient prior communication, adequate contractual or legal grounds, transparent disclosure or adherence to due process” and that the move infringed the rights of its users and their assets, and has called WLFI to reverse the freeze.
HTX said it will also take measures to “safeguard users’ legitimate rights and interests, including but not limited to pursuing legal remedies.”
World Liberty, which counts US President Donald Trump and his three sons, Donald Jr., Eric and Barron as advisers, has not publicly addressed whether it froze HTX’s addresses.
It posted on X on Wednesday that “in light of recent sanctions updates, World Liberty Financial maintains risk-based sanctions compliance controls.”
Cointelegraph contacted World Liberty Financial for comment.
Related: Trump claims he can ‘future proof’ crypto regulation with CLARITY Act
Sun, who reportedly owns HTX and serves on the exchange’s global advisory board, sued World Liberty in April, claiming the platform froze his tokens and threatened to burn them “without any proper justification.”
In May, World Liberty sued Sun for defamation, claiming he made false statements about the platform and violated WLFI token sale terms through alleged prohibited transfers, short-selling and straw purchases.
Magazine: Quitting Trump’s top crypto job wasn’t easy: Bo Hines
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
- Huobi
- Justin Sun
- Cryptocurrency Exchange
- Industry
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