The HTX partnership with the World Liberty Finance makes a push to rebrand the USD1, just a property associated with a trump. But big questions: Merchants will embrace Stabelcoin for their utility, or are its appropriate for political brand? The initial data suggests a difficult fight.
Summary
- HTX will support USD1’s Loyalty Rewards program.
- The purpose of the initiative is to transfer the image of the USD1 to make utility from Trump-Linked.
- Despite the intentions, the adoption of USD1 is far behind StableCoin leaders like USDT and USDC.
On August 7, the Crypto Exchange HTX announced that it would be one of the first major trading platforms to integrate the USD 1 point program of World Liberty Financial, which is a Loyalty initiative on Thursday, which was started to reward users for holding, trading and stabechoin.
The program is specially billed as the first global loyalty system designed for Stabecoin users, and a major early partner prayer is HTX as other anonymous platforms. No, cooperation is being picked as a step towards normalizing USD1 in an industry, which is stillware of its original story.
Can the awards be corrected by USD1 adoption problem?
For World Liberty Financial, the loyalty program is designed to address a core challenges facing credibility. Since it is an April launch, Trump-Sambhdh Stabelcoin has stabeked to shed his ID.
Despite the 24-hour 21% increase in the market cap, the USD1 is only $ 601 million, a horrificity of incumbents such as Tedhar’s USDT and Circle’s USDC, which is a $ 167 billion and $ 64 billion, respectable, respectable for coinmarketcap, command.
CATO analysts told CNBC last month that Stabecrim’s institutional support and lack of preacher utility had stopped catching it. “Most stabechines that have been successful, they do this with a mixture of utility, visibility and intentions.” “So far, none of the USD1 was.”
The purpose of the launch of the rewards initiative is to flip that script. Press release users on HTX can now earn loyalty points by trading USD1 pairs, holding USD1 bilans or staging tokens through platforms. Additional award partners will be introduced through the integration and the mobile app of Volfi, in which specific rules differ by exchanges.
“We are proud to support this loyalty program that as a way to drive through the interests that move forward.” HTX advisor Justice Sun said.
Political elephant
While the World Liberty maintains financial financials that is fully supported by American Treasury and other cash counterparts, it is created in dispute. Donald Trump Junior has implicated USD1 as a tool to promote the dollar strength, but critics have seen deep conflicts of interests. The Trump family projects the advisor RLEs in the project, and account for CNBC, 75% profit is funny for family entry.
Reumping after the Reump Token promotion was fulfilled, which offered top holders a private dinner with the office. Senator Elizabeth Warren called the competition “a orgy of corrupt”, accusing Trump of using Crypto to enrich himself and his colleagues.
Digital, more than $ 5.2 billion gains were focused in a low number of wallets, while more half million participants suffered a collective loss of $ 3.9 billion.