CONVICTION 2025
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General Event
August 9
WUSD Dex-Trade Delisting
APR
11
Event date
Friday 11 April 2025, UTC
Event description
- Worldwide USD (WUSD), a stablecoin pegged to the U.S. dollar, faces delisting from Dex-Trade due to low trading volume, a common issue for stablecoins struggling to compete with giants like USDT, which holds a $140 billion market cap in 2025 per CoinGecko.
- Dex-Trade’s decision reflects a broader trend of exchanges pruning underperforming assets, with platforms like Binance delisting 15 tokens in 2024 alone, often citing regulatory pressures or lack of user interest, per Finance Magnates.
- The delisting aligns with WUSD’s recent market struggles, as its trading volume dropped 13.6% in a day to $3.16 million, signaling declining activity despite a slight 0.1% price increase over the past week, according to CoinGecko data.
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