WLFI Announces USD1 Points Program Backed by Trump Family

Huobi HTX partners with WLFI to launch the world’s first points reward program for USD1, a stablecoin backed by US Treasuries and cash equivalents, with global advisor Justin Sun endorsing its growth.

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Summary

On August 7, Huobi HTX announced its collaboration with World Liberty Financial (WLFI) as one of the first key partners for the world’s first points reward program exclusively for the USD1 stablecoin. Users can earn rewards by trading, holding, or staking USD1, which is fully backed by short-term US Treasuries, dollar deposits, and cash equivalents. Global advisor Justin Sun supported the initiative, emphasizing Huobi HTX's commitment to secure trading and strategic partnerships to drive broader stablecoin adoption. This development builds on WLFI's earlier USD1 Points Program announcement and its June distribution of USD1 stablecoins to WLFI token holders.

Terms & Concepts
  • USD1 Points Program: A loyalty rewards initiative that provides points for trading, holding, or staking the USD1 stablecoin.
  • Stablecoin: A cryptocurrency pegged to a fiat currency, designed to maintain a stable value, in this case backed by short-term US financial instruments.
  • Staking: The process of holding or locking cryptocurrency to support network operations and earn rewards.