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Cryptocurrency News Articles

USD1 Lists on HTX As a 1:1 US Dollar-Pegged Stablecoin Designed to Meet US Regulatory Compliance Standards

May 08, 2025 at 08:00 pm

The launch represents a strategic move to improve transparency, accessibility, and efficiency in digital finance.

USD1 Lists on HTX As a 1:1 US Dollar-Pegged Stablecoin Designed to Meet US Regulatory Compliance Standards

As the world becomes increasingly interconnected, the need for seamless and efficient financial transactions has never been greater. However, traditional financial systems often struggle with a lack of transparency, limited accessibility, and high cross-border transaction costs. These issues are exacerbated in emerging markets, where financial exclusion remains a pressing concern.

In response to these challenges, a new chapter in digital finance is unfolding with the launch of USD1, a 1:1 US dollar-pegged stablecoin fully custodied by BitGo Trust Company and designed to meet US regulatory compliance standards. The launch was announced during TOKEN 2049 by the HTX Advisor and TRON Founder in a conversation that touched upon the longstanding difficulties faced by traditional institutions in engaging with the crypto industry.

The conversation highlighted how institutions like the World Bank have been working tirelessly for decades to improve the standard of living in emerging economies. However, despite these efforts, there has been limited progress in terms of transparency from institutions and accessibility for the common people. Moreover, institutions still face significant difficulties in transferring small amounts of money across borders in a swift and efficient manner.

USD1 aims to address these issues through its unique structure and commitments. The stablecoin will undergo monthly audits to ensure the accuracy of its holdings and facilitate complete transparency. It will also maintain a fully transparent reserve structure, allowing for open institutional reporting and a strong focus on regulatory compliance.

HTX is keen to expand its offerings in support of high-quality blockchain initiatives. The exchange is reportedly the first to list USD1, which is a testament to its role in accelerating the adoption of stablecoins and decentralised finance (DeFi). The stablecoin’s market capitalisation has already reached approximately USD 2.12 billion, placing it 45th on CoinMarketCap, according to the company.

The exchange highlighted that USD1 meets its rigorous listing criteria, which include strong issuer credentials, clear collateralisation, regular audits, and regulatory transparency. According to HTX, the launch aligns with its strategic focus on optimal capital efficiency, sustainable long-term ecosystem growth, and delivering maximal value to users while prioritizing financial inclusion.

The company representative highlighted that USD1 is a significant step towards the integration of decentralised finance with traditional financial systems. He added that the collaboration between HTX and WLFI marks a new chapter for global financial inclusion through blockchain technology.

WLFI selected HTX as the launch platform considering the exchange’s global reach, large user base, high trading volume, and advanced technology. To celebrate the listing, HTX announced a special promotion with zero trading fees for the USD1/USDT pair from 6 May through 31 December 2025 (GMT+8).

The listing further signals HTX’s ambition to lead in shaping the future of digital assets. Having supported innovative projects since its founding in 2013, HTX wishes to continue strengthening its presence in the evolving Web3 and digital finance space through a focus on compliance, an excellent user experience, and global accessibility, the official press release concluded.

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Other articles published on May 08, 2025