On February 6, 2025, HTX Global announced the listing of USDD, a stablecoin, which marks a significant event in the cryptocurrency market. The announcement was made by Justin Sun, the founder of HTX Global, on Twitter at 10:45 AM UTC (Sun, 2025). Following the announcement, USDD experienced an immediate surge in trading volume. According to CoinMarketCap, at 11:00 AM UTC, the trading volume of USDD on HTX Global reached 150 million USDD within the first hour of listing (CoinMarketCap, 2025). This surge reflects the market's interest in new stablecoin offerings, particularly those backed by HTX Global's reputation and infrastructure. The USDD/BTC trading pair on HTX Global saw an initial trading volume of 10,000 BTC at 11:15 AM UTC, indicating strong demand (HTX Global, 2025). The USDD/ETH pair recorded a volume of 50,000 ETH by 11:30 AM UTC (HTX Global, 2025). On-chain metrics provided by Glassnode show that the number of active USDD addresses increased by 20% within the first two hours of listing, reaching a total of 10,000 addresses by 12:00 PM UTC (Glassnode, 2025). This rapid adoption suggests a positive reception from the crypto community.

The listing of USDD on HTX Global has several trading implications. The immediate spike in trading volume indicates strong market interest and could lead to increased liquidity for USDD. At 11:45 AM UTC, the USDD/USDT trading pair on HTX Global saw a trading volume of 200 million USDT, reflecting robust market activity (HTX Global, 2025). The USDD/BTC pair's trading volume increased to 15,000 BTC by 12:15 PM UTC, suggesting sustained interest (HTX Global, 2025). The market's response to USDD's listing could influence the price stability of other stablecoins, as evidenced by a slight dip in USDT's trading volume by 5% at 12:30 PM UTC (CoinMarketCap, 2025). Traders should monitor the USDD's peg to the US dollar, as any deviation could signal market sentiment shifts. Additionally, the correlation between USDD and major cryptocurrencies like BTC and ETH should be closely watched. At 12:45 PM UTC, the correlation coefficient between USDD and BTC was 0.85, indicating a strong positive relationship (CryptoQuant, 2025). This suggests that movements in BTC could significantly impact USDD's price.

Technical indicators for USDD show promising trends. At 1:00 PM UTC, the Relative Strength Index (RSI) for USDD on HTX Global was at 65, indicating that the asset is neither overbought nor oversold (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for USDD showed a bullish crossover at 1:15 PM UTC, suggesting potential upward momentum (TradingView, 2025). The trading volume for USDD continued to rise, reaching 250 million USDD by 1:30 PM UTC (HTX Global, 2025). The USDD/ETH pair saw a volume increase to 75,000 ETH by 1:45 PM UTC (HTX Global, 2025). On-chain metrics further support the positive outlook, with the number of USDD transactions per hour increasing to an average of 500 by 2:00 PM UTC (Glassnode, 2025). The average transaction value for USDD was reported at $10,000 at 2:15 PM UTC, indicating significant activity among larger investors (Glassnode, 2025). These indicators and metrics suggest that USDD is gaining traction and could be a viable trading option for investors looking to diversify their stablecoin holdings.

Given the current market dynamics, traders should consider the following strategies: Monitor USDD's liquidity and peg stability closely, as any significant deviations could present trading opportunities. Keep an eye on the correlation with major cryptocurrencies to anticipate price movements. Utilize technical indicators like RSI and MACD to gauge entry and exit points. Finally, consider the impact of on-chain metrics on USDD's long-term viability as a stablecoin.