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    OKX Declares Delisting of Gemini-backed Stablecoin GUSD

    Latest News

    • OKX has declared to delist the GUSD.
    • GUSD flash change providers would proceed offline at 16:00 (UTC+8) on 1 Feb.
    • The GUSD flash change providers would now not be backed up by flash swaps.

    Seychelles-based cryptocurrency and derivatives change OKX declared the official delisting of the U.S-backed stablecoin Gemini Greenback (GUSD). Reportedly, the digital asset buying and selling platform Ouyi would exclude the GUSD flash change providers on February 1, 2023, exactly at 16:00 (UTC+8).

    Based on the Ouyi Platform, the danger management division of Ouyi just lately performed on-line tasks on the platform primarily based on the “Ouyi Guidelines on Hiding TOKEN and Offline Buying and selling Pairs” to take care of “a wholesome digital asset surroundings within the blockchain business,” to “optimize the liquidity of tasks” and to dispense customers with a “good buying and selling expertise”.

    After the Ouyi Platform’s official announcement went public, Wu blockchain talked about that the GUSD asset change would now not be backed by flash swaps.

    See also  Bitcoin's sustainable power combine surpasses 50% amid diminished carbon footprint

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