Cryptocurrency exchange HTX has added support for the USD1 stablecoin - a dollar-pegged token issued by World Liberty Financial, a company linked to former U.S. President Donald Trump's business circle. The listing was executed at an accelerated pace, with the announcement made on May 5 and trading launched on May 6.
To incentivize adoption, HTX introduced zero trading fees for the USD1/USDT pair, effective through the end of 2025. The stablecoin is backed by a reserve of short-term U.S. Treasury securities, cash, and equivalents, with custody handled by BitGo - a well-established cryptocurrency asset management provider.
At the time of publication, USD1's market capitalization had surpassed $2.1 billion, positioning it among the top five stablecoins by value. The asset is currently available on Ethereum and BNB Chain, and analysts forecast further adoption across other networks in the coming quarters.
Market Anticipates WLFI Launch Following Stablecoin Success
Following USD1's successful listing, market attention has shifted to the broader DeFi initiative led by the Trump-affiliated entity - the World Liberty Financial Index (WLFI). In response to a May 6 post by Eric Trump praising USD1, TRON founder Justin Sun commented that WLFI would be “launching soon on HTX.”
This forecast aligns with prior fundraising milestones: World Liberty Financial reportedly raised $590 million across two token sales. Co-founder Zack Folkman attributed the strong capital inflow to early backing from Justin Sun - a signal of coordinated support from influential players in the crypto space.
Strategic Positioning and Political Narrative in Crypto Markets
USD1's rapid rise in capitalization and its alignment with politically influential figures represent a growing trend of integrating macro-political narratives into blockchain-based financial instruments. Analysts predict that if WLFI garners comparable support, it could attract both ideological and speculative capital.
In addition, World Liberty Financial recently conducted a snapshot vote among WLFI token holders to decide on the potential airdrop of USD1 - a move that could further strengthen cross-token utility and community engagement.
Forecasting Institutional Impact
HTX's proactive listing of USD1 and anticipation of WLFI's debut suggest a broader shift in the exchange's strategy toward capturing politically linked capital flows and DeFi innovation. Market coin observers will be monitoring WLFI's launch closely, as its success could serve as a predictive signal for the viability of political-brand-backed financial ecosystems in the Web3 landscape.
