Coinbase hat BUSD aufgrund von Liquiditätsbedenken dekotiert
- Coinbase notierte BUSD im vergangenen April.
- Paxos Trust betreibt BUSD seit 2019 und wurde kürzlich angewiesen, die Prägung der Stablecoin einzustellen.
Coinbase CEO Brian Armstrong has offered a deeper explanation of the exchange’s decision to delist the Binance USD (BUSD) stablecoin. Armstrong spoke on Bloomberg-TV on Wednesday morning and explained that Coinbase had concerns about BUSD’s liquidity. Coinbase previously stated that delisting BUSD was because the stablecoin did not meet its listing standards as determined by its own internal monitoring and review procedures.
Im Gespräch mit Bloomberg erklärte Armstrong:
Der Grund dafür war, dass Paxos, der Emittent von BUSD, angewiesen worden war, die Prägung einzustellen, und wir uns Sorgen um Liquiditätsprobleme für unsere Kunden machten.
The New York Department of Financial Services (NYDFS) recently ordered Paxos to stop minting the BUSD stablecoin, citing complications in Paxos and Binance’s relationship. The Securities and Exchange Commission was also set to sue Paxos for selling an unregistered security.
Data from CoinGecko shows that BUSD is the third-largest stablecoin by market capitalization with a total value of almost $10 billion, only below USDT and USDC stablecoins. Paxos Trust has been operating BUSD since its launch in 2019.
Interessanterweise hat Coinbase BUSD erst im vergangenen April gelistet. Top-Börsen wie Coinbase listen verschiedene Stablecoins auf, um Kunden eine Vielfalt von Handelspaaren gegen andere Krypto-Assets zu bieten. Kunden tauschen gelegentlich einen Stablecoin gegen einen anderen. Außerdem bietet das Auflisten mehrerer Token Redundanz für den Fall, dass ein Token an Ansehen oder Glaubwürdigkeit verliert. Das jüngste Verbot der Prägung von BUSD könnte also dazu führen, dass mehr Börsen die Stablecoin dekotieren.
Timothy Cradle, Director of Regulatory Affairs at Blockchain Intelligence Group, sees Coinbase’s decision to halt BUSD trading as an effort to evade regulators who would claim the exchange allowed the trading of unregulated securities.
Cradle sagte kürzlich in einem Interview:
They’re probably coming to the same conclusion that I think most rational people would come to. This is going to end in a settlement, the cease-and-desist [order] is going to be somewhat permanent, and Paxos would have to register with the SEC to re-launch the coin.
Cradle also claimed that exchanges adopted similar measures in 2020 following the SEC’s XRP dispute with Ripple. At the time, top exchanges, including Coinbase, temporarily suspended trading XRP due to the yet-to-be-resolved case between the SEC and Ripple.