In a statement, Coinbase stated that it would stop trading the Binance Dollar (BUSD) on March 13 due to “listing criteria.” Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime will all be affected by the ruling. The third-largest stablecoin in terms of market capitalization is BUSD. On February 13, Paxos was ordered to stop issuing BUSD by the New York State Department of Financial Services, which caused a $2 billion decline in market worth within days. On February 21, Coinbase is in “productive” discussions with the SEC.
Coinbase announces suspension of BUSD trading beginning March 13
