Coinbase CEO Brian Armstrong has stated that the platform may delist Tether's stablecoin, USDT, if new U.S. regulations require it. Armstrong expects potential stablecoin regulations to demand holding all asset reserves in Treasury bonds and conducting regular audits for customer protection. Coinbase has already removed Tether from its European platform due to noncompliance with EU regulations. Tether is the leading stablecoin, but concerns about its reserves have led to demands for proof-of-reserves. While Tether publishes financial attestations, critics argue they are not full audits, and it is unclear if Tether would comply with more rigorous reporting in new U.S. legislation. Tether's focus is primarily in emerging markets outside the U.S. and Europe, and the company plans to relocate its headquarters to El Salvador, the first country to legalize Bitcoin.



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