Coinbase avnoterad BUSD på grund av likviditetsproblem
- Coinbase noterade BUSD i april förra året.
- Paxos Trust har drivit BUSD sedan 2019 och fick nyligen order om att sluta prägla stablecoin.
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.
När han pratade med Bloomberg förklarade Armstrong,
Anledningen till att vi gjorde det var att Paxos, emittenten av BUSD, hade fått order om att sluta prägla det, så vi var oroliga över likviditetsproblem för våra kunder.
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.
Intressant nog listade Coinbase bara BUSD förra april. Toppbörser som Coinbase listar olika stablecoins för att ge kunderna en mångfald av handelspar mot andra kryptotillgångar. Kunder byter ibland ut ett stablecoin mot ett annat. Att lista flera tokens ger också redundans i det fall att en token förlorar rykte eller trovärdighet. Så det senaste förbudet mot att prägla BUSD skulle kunna leda till att fler börser avnoterade 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 sa i en nyligen intervju,
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.