Coinbase excluiu BUSD devido a preocupações de liquidez

• A Coinbase listou o BUSD em abril passado.
• A Paxos Trust opera o BUSD desde 2019 e recentemente recebeu ordens de parar de cunhar a stablecoin.

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Coinbase CEO Brian Armstrong has offered a deeper explanation of the exchange’s decision to delist the Binance USD (BUSD) stablecoin. Armstrong spoke on TV Bloomberg 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. 

Monitoramos regularmente os ativos em nossa bolsa para garantir que atendam aos nossos padrões de listagem. Com base em nossas análises mais recentes, a Coinbase suspenderá a negociação de Binance USD (BUSD) em 13 de março de 2023, por volta das 12h ET.

— Coinbase Assets 🛡️📞 (@CoinbaseAssets) 27 de fevereiro de 2023

Ao falar com Bloomberg, Armstrong explicou,

A razão pela qual fizemos isso foi que Paxos, o emissor do BUSD, havia recebido ordens de parar de criá-lo, então estávamos preocupados com problemas de liquidez para nossos clientes.

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.

2/ Fomos informados pela Paxos de que eles foram instruídos a interromper a cunhagem de novos BUSD pelo Departamento de Serviços Financeiros de Nova York (NYDFS).

A Paxos é regulada pela NYDFS.

BUSD é uma stablecoin totalmente detida e gerida pela Paxos.

– CZ 🔶BNB (@cz_binance) 13 de fevereiro de 2023

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.

Curiosamente, a Coinbase listou apenas o BUSD em abril passado. As principais exchanges, como a Coinbase, listam diferentes stablecoins para oferecer aos clientes uma diversidade de pares de negociação contra outros criptoativos. Os clientes ocasionalmente trocam uma stablecoin por outra. Além disso, listar vários tokens oferece redundância no caso de um token perder reputação ou credibilidade. Portanto, a recente proibição de cunhar BUSD pode fazer com que mais exchanges excluam a stablecoin.

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 disse em uma entrevista recente,

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.

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