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Binance USD Stablecoin Gets Booted Off Coinbase Amid Mounting Regulatory Pressure

San Francisco-based cryptocurrency exchange Coinbase is kicking Binance USD (BUSD) off its platform. Coinbase cited failure to meet its listing standards as the rationale behind the decision to delist the Binance-branded dollar-pegged stablecoin.

This comes less than a month after crypto brokerage firm Paxos Trust announced it would stop minting BUSD after receiving a notice from the New York Department of Financial Services, the state regulator overseeing it, as well as a Wells Notice from the U.S. Securities and Exchange Commission (SEC).

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