Coinbase has confirmed that it will list World Liberty Financial’s stablecoin, USD1, on its exchange. According to Coinbase, the contract address for the token has been published to ensure transparency for users before trading begins.
Coinbase Warns of “Permanent Loss” for Early USD1 Stablecoin Deposits Ahead of Listing
The update appeared in Coinbase’s official roadmap announcement via its blog. Coinbase emphasized that deposits of USD1 should not be made until the official trading launch. Any early deposits may result in permanent loss of funds.
The exchange made clear that listing an asset on the roadmap does not mean immediate trading. Coinbase explained that the launch of trading depends on two conditions. First, there must be adequate market-making support. Second, the technical infrastructure has to be available. Otherwise, it will not open trading in USD1 stablecoin until the two conditions are satisfied.
This move is in line with broader transparency in asset listing that Coinbase has implemented. The company stopped publishing lists of tokens under consideration in 2022. Now, it only releases assets it has decided to list. Updates are shared on the roadmap section of its blog and posted to its official social media accounts.
World Liberty’s USD1 stablecoin joins other assets recently added to the roadmap, including QCAD, Dolomite, SPX6900, and tokens from the Base and Solana networks. Coinbase recently expanded DEX trading for Base tokens and will expand to Solana next, highlighting its focus on multi-network growth.
The crypto firm noted that not all tokens receive identical treatment at launch. Experimental labels may be assigned to some digital assets to denote additional risk factors.
Coinbase Warns of Potential Delays or Removals In Listings
The exchange also noted that listings for USD1 stablecoin and other digital assets are based on compliance, legal, and technical security analysis. Coinbase added that its process does not consider popularity or size of the market. According to the crypto firm, assets can be excluded if they do not conform to its standards even though they may be in demand.
The focus on compliant adoption is becoming more important in the industry. A notable example is Bullish’s decision to receive $1.15B IPO proceeds in USDC and USD1. This demonstrates that the USD1 stablecoin is continuing to gain to gain institutional attention.
Coinbase also made it clear that it does not provide timing of its new listing of assets. Some of the assets are subject to delays or the removal in roadmap due to regulatory, technical or security issues. The company also emphasized that all information should not be regarded as either investment advice or as a representation resulting in the availability of its trading.
Paul
Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others.
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Source: https://coingape.com/coinbase-to-list-trumps-world-liberty-financial-usd1-stablecoin/