Coinbase suspends BUSD stablecoin and BUSD trading

Stablecoins are being targeted. This is just another sad day for the crypto ecosystem as a whole.

Liquidity concerns were cited by Coinbase, after US regulators came after Paxos.

The crypto market keeps getting black eyes, one after another. Not good.

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Looks like Coinbase is cleaning house.

They’ll be delisting the following at month end, citing… “recent reviews”.

Rally (RLY),
DFI Money (YFII),
Mirror (MIR),
OMG Network (OMG),
Loom Network (LOOM),
Augur (REP)

Link to Twitter Announcement