Coinbase has added USDS to its roadmap for potential future listing, as announced by its asset review and listing teams on their official blog.
This inclusion could stimulate notable market shifts, heightening attention from traders and possibly affecting competing stablecoins like USDC and USDT.
Coinbase’s USDS Evaluation by Digital Asset Support Group
Coinbase’s decision to add USDS to its listing roadmap involves the Digital Asset Support Group, which evaluates assets based on compliance and business credentials. Historically, similar actions have paved the way for significant trading activity post-listing.
The Digital Asset Support Group comprises regulatory and crypto market specialists, ensuring a stringent asset vetting process. The group maintains market neutrality by keeping member identities confidential, bolstering Coinbase’s transparency and compliance objectives.
“When Coinbase considers listing a crypto asset, it applies a rigorous, multi-phase process designed to protect users and maintain regulatory standards… even after listing, Coinbase continuously monitors assets.” Source
USDS Listing Could Shift Stablecoin Dynamics
The planned USDS inclusion is set to affect stablecoin dynamics, potentially shifting liquidity away from competitors. Market participants may adjust portfolios, predicting advantageous pair-trading opportunities. Market adjustments often follow as traders and projects respond.
This action could lead to regulatory examination as Coinbase emphasizes its compliance-first strategy. Past stablecoin listings typically result in increased trading volumes. Data suggests liquidity adjustments among ETH, BTC, and other stablecoins in response to such additions.
Previous Coinbase Stablecoin Listings Influence Market Trends
Previous listings of stablecoins such as USDT and USDC on Coinbase have historically led to increased usage and attention in the marketplace. These events generally trigger a temporary realignment of liquidity toward the newly listed asset.
Crypto experts predict a potential increment in USDS trading volume upon full listing, seeing parallels with past stablecoin listings on Coinbase. Historical data supports this trend, highlighting Coinbase’s influence on trading behavior and network activity.
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