Coinbase assured users that their BUSD funds would remain accessible and they could still withdraw funds at any time.
The company stated that it previously had a relationship with Signature but said it no longer has funds there.
U.S. dollar withdrawals on Okcoin are not affected by the suspension.
The token is on the verge of restoring its 1:1 peg with the U.S. dollar after falling to a historic low of $0.87 per token two days prior.
Algo Capital is a crypto-native asset management company, founded to ride the revolution of digital technologies.
A new generation of digital hedge fund, focused on blockchain fundamentals, that offers a unique proposition at the intersection of Traditional and Liquid Venture Capital, diversified digital assets Opportunistic Trading and cash flow yielding Infrastructure and Private Equity.
At Algo Capital, we are part of the Digital Assets Revolution.
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Algo Capital PCC Limited is a Gibraltar-based Investment firm founded in 2020. The company is authorised and regulated by the Gibraltar Financial Services Commission (GFSC).
Registered nr. 27105.
Link to GFSC firm register: https://www.fsc.gi/regulated-entity/algo-capital-pcc-limited-27105
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