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Coinbase suspends Binance stablecoin
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Trading in BUSD will be suspended on March 13 on Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime.
Coinbase has its own native stablecoin, USDC. BUSD is under regulatory scrutiny, with the New York Department of Financial Services recently telling blockchain infrastructure provider Paxos to stop minting the stablecoin. The SEC has also warned Paxos that it is "considering recommending an action alleging that BUSD is a security and that Paxos should have registered the offering of BUSD under the federal securities laws".
Read more on finextra.comAbout this in other media
FBI, NY authorities probes collapse of TerraUSD stablecoin: Report cointelegraph.com /1 year ago
Coinbase Confirms $240 Million Corporate Cash Balance with Signature Bank Amid Lender Closure cryptonews.com /1 year ago
Coinbase CEO ponders banking features after Silicon Valley Bank crisis cointelegraph.com /1 year ago
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