According to the announcement of Huobi HTX on May 5, Huobi HTX will open the deposit service of USD1 at 19:30 (GMT+8) on May 5. USD1/USDT spot trading will be opened on May 6. The withdrawal service of USD1 will be opened at 11:00 (GMT+8) on May 7.
It is reported that as the first trading platform to launch USD1 on the entire network, Huobi HTX will provide users with a faster opportunity to participate. USD1 is a digital asset backed by fiat currency that aims to maintain a 1:1 equivalent relationship with the US dollar. The stablecoin was launched in April 2025 by World Liberty Financial (WLFI), a fintech company headquartered in Miami, Florida, and aims to simplify the digital transaction process by providing seamless exchange between fiat currency and digital assets. USD1 is issued and managed by BitGo Trust Company, a regulated trust institution located in South Dakota, to ensure full compliance with US regulatory standards.
