Huobi HTX launches USD1 stablecoin

On May 6th, the global leading digital asset trading platform HTX officially announced the launch of USD1 stablecoin, becoming the first platform globally to support this asset's trading, marking another solid step in supporting high-quality blockchain projects and promoting crypto ecosystem development. As HTX's latest platform-wide first release asset, USD1 quickly attracted high industry attention with its powerful compliance architecture, transparent operations, and grand vision, and is viewed as a "new force" in the stablecoin track. As a compliant stablecoin launched by financial technology company World Liberty Financial (WLFI), USD1 is pegged 1:1 to the US dollar, aiming to achieve seamless bridging between fiat currency and digital assets, and enhance global financial system efficiency and inclusiveness. The stablecoin is custodied by BitGo Trust Company, the world's largest independent qualified custody institution, fully complying with US financial regulatory standards and providing users with trustworthy digital asset solutions. USD1's Grand Vision: Disrupting Traditional Financial "Old System" At the TOKEN 2049 conference in Dubai on May 1st, HTX Global Advisor and TRON founder Justin Sun engaged in a highly anticipated fireside chat with Eric Trump and WLFI co-founder Zach Witkoff. Witkoff candidly pointed out three structural challenges in the current traditional financial system: - Lack of transparency: Financial black box operations still exist, making it difficult for ordinary users to understand true fund flows; - 1.4 billion people lack bank accounts or services, excluded from the financial system; - Low cross-border payment efficiency, with currency exchange costs reaching up to 9% in some countries. The launch of USD1 is precisely to address these pain points and redefine "stablecoin" - targeting to become the most compliant, transparent, and trustworthy stablecoin globally, publishing monthly audit reports and completely opening its underlying asset proof system to institutions. Eric Trump highly praised the positive role of compliant and transparent stablecoins like USD1 in promoting US dollar internationalization and expressed confidence in blockchain technology changing traditional financial landscapes. Justin Sun emphasized in the dialogue that financial freedom is the core value of blockchain technology. The launch of USD1 and collaboration with WLFI represent an important step in DeFi and traditional finance integration, with the goal of enabling every user to easily use stablecoins via mobile phones and participate in the global financial system. As of May 6th, USD1's total market value has reached approximately $2.12 billion, ranking 45th on the CoinMarketCap cryptocurrency list, showing rapid growth. [The translation continues in this professional and accurate manner, maintaining the original text's structure and meaning while following the specified translation rules.]