Donald Trump · Tether · Bitcoin · CryptoSlate
Trump’s family crypto feud spills into customer accounts after wallet freeze
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Crypto exchange HTX will permanently remove President Donald Trump -backed World Liberty Financial ’s fiat-backed USD1 stablecoin from its trading platform.
Key facts
- World Liberty Financial is +3.06% over the past 24 hours and currently sits at rank # 40 by market cap
- On May 26, the UK’s Foreign, Commonwealth, and Development Office imposed severe sanctions on Huobi Global S.A., a Panamanian corporate entity
- The USD1 token has expanded aggressively since its introduction, with its circulating supply reaching more than $4.6 billion
- Crypto exchange HTX will permanently remove President Donald Trump-backed World Liberty Financial ’s fiat-backed USD1 stablecoin from its trading platform
Summary
01 HTX will delist USD1 and convert eligible retail balances into USDT after World Liberty Financial froze exchange-controlled wallets. 02 The move shows how protocol-level freezes can hit ordinary customers when compliance disputes spill between exchanges and stablecoin issuers. 03 HTX says the locked funds are retail deposits and wants the freeze reversed, while World Liberty has not clarified its evidentiary standard. Beginning June 7, the digital asset exchange said it will systematically convert all eligible retail customer balances of the USD1 token into Tether (USDT) at a strict one-to-one valuation.