USDT at Risk? Coinbase CEO Signals Potential Delisting Under Pressure
Coinbase CEO Brian Armstrong stated the exchange would delist Tether’s USDT if required by regulators, aligning with potential new U.S. laws.
Armstrong emphasized Coinbase’s aim to support users transitioning to more secure systems but noted the company’s preference to maintain USDT’s presence on its platform. This follows Coinbase’s earlier delisting of USDT in the Eurozone to comply with EU rules requiring stablecoin issuers to hold cash reserves in banks.
Proposed U.S. laws may require stablecoin issuers to hold reserves in Treasury bonds, posing challenges for Tether, which holds $105 billion in assets, including precious metals and loans.
Clever Robot News Desk 23th January 2025
