Disabled Trading For Our PYUSD-USD Orderbook

Incident Report for Coinbase Exchange

Monitoring

Today Coinbase announced that it will start supporting 1:1 PYUSD-USD conversions across all platforms. To enable this we have disabled trading for our PYUSD:USD orderbook. Free 1:1 PYUSD-USD conversions will be available later today. The full announcement is available here: https://www.coinbase.com/blog/coinbase-and-paypal-to-advance-stablecoin-payments. The PYUSD trading pair has been halted and trading suspended on http://Coinbase.com (Simple and Advanced Trade), Coinbase Exchange, and Coinbase Prime while 1:1 conversion support is rolled out. Your funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time.

Posted Apr 24, 2025 - 09:18 PDT

This incident affects: Asset / Book Listings.