The cryptocurrency exchange HTX fully suspended and removed the USD1 stablecoin on June 8, 2026. This digital asset belongs to World Liberty Financial, a finance project backed directly by the Trump family. The platform decided to delist the token after accusing World Liberty Financial of improperly freezing corporate addresses.
This asset removal deprives the Trump family venture of an early trading venue and liquidity base. The trading suspension intensifies an open legal standoff between cryptocurrency executive Justin Sun, who acts as a key advisor to HTX, and the management of World Liberty Financial.
The Origin of the Sun and Trump Legal Dispute
The conflict broke into public view during April 2026 when Sun filed a federal lawsuit against the venture. In that filing, Sun claimed that World Liberty Financial blocked his personal token holdings, took away his governance voting rights, and threatened to destroy his capital investment.
World Liberty Financial fought back by initiating separate court proceedings. The Trump-backed company lodged a counter-lawsuit accusing Sun of defamation. Executive leadership stated that Sun ran a public smear campaign intended to hurt the market position of the digital asset network.
A Reversal of the Initial Exchange Partnership
The total removal of the token marks a shift from the distribution strategy established by both companies. HTX became the first digital exchange to list the asset back in May 2025. That agreement followed direct high-level negotiations between Sun and Eric Trump.
Trading is now completely closed on HTX. Users cannot buy, sell, or deposit the stablecoin on the platform. The legal fight continues to advance through federal court as both sides maintain their positions regarding the locked accounts.
How the Exchange Lockout Realigns Stablecoin Liquidity
This asset suspension splits the Trump family project from retail markets where HTX commands high trading volume. World Liberty Financial relied on Sun’s corporate backing to establish early market trust. This split forces the venture to depend on western decentralized networks. The situation shows how private governance rules can quickly dismantle exchange listings, leaving the project dependent on alternative trading pools.