Justin Sun: HTX Savings Interest 100% Group-Subsidized
Justin Sun, founder of Tron and CEO of crypto exchange HTX, has clarified rumors around the HTX high-yield savings service. He stated that the advertised interest rates are 100% subsidized by the group as a user acquisition strategy. HTX is in its growth phase and aims to attract deposits by offering unlimited, zero-threshold savings products on stablecoins such as USDT, USDC, USD1 and USDD. Merkle tree proofs have been active for over 34 months to ensure fund transparency. The group earns tens of billions of dollars annually, so subsidies are sustainable. The platform also launched a WLFI token savings product with 20% APY, amid community concerns of token dumping. HTX has removed deposit caps and plans further rate hikes to boost liquidity.
Bullish
Justin Sun’s clarification reduces uncertainty around HTX’s high-yield savings product. By confirming that interest is group-subsidized and underpinned by strong annual profits, HTX addresses FUD and supports user confidence. Removal of deposit caps and ongoing rate hikes should increase liquidity and trading volume, mirroring past cases where exchange-led promotional yields (e.g., Binance Launchpool, Kraken’s USDC staking) spurred short-term inflows and trading. In the short term, expect higher stablecoin deposits and trading activity on HTX. Long term, sustained subsidies may pressure margins but reinforce HTX’s market share, improving platform competitiveness and potentially driving up token demand. Overall, the news leans bullish as it reassures market participants and stimulates platform growth.