On May 6, 2025, HTX became the first global exchange to list the USD1 stablecoin. This event attracted the attention of the crypto community, and the next step for HTX is likely to be the listing of WLFI.
USD1 Debut: HTX's Efficiency and Execution
On May 6, HTX announced the global debut of the USD1 stablecoin, becoming the first exchange to support trading of this asset.
USD1 is pegged 1:1 to the US dollar and is backed by reserves consisting of short-term US Treasury bonds, cash, and cash equivalents. Asset custody is managed by BitGo, with regular audits conducted by third-party firms to ensure compliance and transparency. Currently available on both the Ethereum and BNB chains, USD1 has achieved a circulating market capitalization exceeding $2.1 billion, positioning it among the top five stablecoins in both centralized and decentralized markets.
HTX listed USD1 with remarkable efficiency: an announcement on May 5 at 11:10, followed by deposit services starting at 19:30 that same evening, and spot trading pairs launching the next day at 11:00. The platform also introduced a zero-fee promotion for the USD1/USDT trading pair effective from 11:00 on May 6, 2025, until 23:59 on December 31, 2025. These initiatives enhance user experience and accelerate the adoption of USD1 in the market.
Expectations for WLFI Listing
After the launch of USD1, market attention swiftly shifted to the next promising project: WLFI.
Launched on October 15, 2024, WLFI successfully raised $550 million across two token sale rounds, attracting participation from over 85,000 investors. Notably, the project has received support from influential figures such as Justin Sun, DWF Labs, and Mike Dudas.
Consequently, HTX’s next move regarding WLFI has become a key topic in the crypto community. Following the successful launch of USD1, could WLFI be the next significant offering from the platform?
HTX has demonstrated a "bold yet meticulous" approach to new asset listings, exploring emerging sectors while accurately gauging market sentiment. For example, in Q1 2025, HTX decided to list the TRUMP token amidst market skepticism, which subsequently experienced a peak surge of 900%.
Justin Sun's Statement and Market Impact
From the moment USD1 launched, HTX has consistently delivered "debut blockbuster" listings, creating an intriguing prelude for the potential launch of WLFI. Recently, Justin Sun's statement has further elevated expectations for WLFI's premiere on HTX.
On May 6, Eric Trump, son of Donald Trump, announced on social media, "#USD1 is now live on HTX!" Justin Sun retweeted and replied, "WLFI coming soon on HTX." This single statement has generated significant excitement, not only indicating WLFI's impending arrival on HTX but also solidifying HTX's position as a central platform for the strategic execution of this project.
It is foreseeable that after WLFI is successfully listed on HTX, the combined influence of "Justin Sun + HTX" may trigger a new wave of market enthusiasm, potentially establishing WLFI as another successful project for HTX in 2025.
The launch of USD1 and the anticipation of WLFI's listing highlight HTX's strategic activity in the cryptocurrency space. These events could impact the market's further development and attract new participants.
