Market Cap: $2.6189T -5.390%
Volume(24h): $125.3625B 42.630%
  • Market Cap: $2.6189T -5.390%
  • Volume(24h): $125.3625B 42.630%
  • Fear & Greed Index:
  • Market Cap: $2.6189T -5.390%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$83571.608249 USD

-1.38%

ethereum
ethereum

$1826.028236 USD

-3.02%

tether
tether

$0.999839 USD

-0.01%

xrp
xrp

$2.053149 USD

-2.48%

bnb
bnb

$601.140115 USD

-0.44%

solana
solana

$120.357332 USD

-3.79%

usd-coin
usd-coin

$0.999833 USD

-0.02%

dogecoin
dogecoin

$0.166175 USD

-3.43%

cardano
cardano

$0.652521 USD

-3.00%

tron
tron

$0.236809 USD

-0.59%

toncoin
toncoin

$3.785339 USD

-5.02%

chainlink
chainlink

$13.253231 USD

-3.91%

unus-sed-leo
unus-sed-leo

$9.397427 USD

-0.19%

stellar
stellar

$0.266444 USD

-1.00%

sui
sui

$2.409007 USD

1.15%

Cryptocurrency News Articles

Coinbase CEO Brian Armstrong Confirms Tether (USDT) Delisting If Noncompliant With New Legislation

Jan 22, 2025 at 06:21 am

Brian Armstrong, CEO of Coinbase Global, has confirmed that the cryptocurrency exchange would remove the stablecoin Tether (USDT) from its U.S.

Coinbase Global CEO Brian Armstrong has confirmed that the cryptocurrency exchange would remove the stablecoin Tether (USDT) from its U.S. trading platform if it is required to comply with new legislation.

Speaking at the World Economic Forum in Davos, Switzerland, Armstrong highlighted Coinbase’s commitment to regulatory compliance and emphasized the need to provide customers with a secure and legal cryptocurrency trading environment.

At the forum, Armstrong mentioned that Coinbase will follow any U.S legislation on stablecoins and may have to delist Tether if it does not meet new legal standards. Speaking to Charles Forelle, the Deputy Editor-in-Chief of The Wall Street Journal in Davos, Armstrong said,

“There are a lot of people with Tether, and we want to give them an off-ramp to transition into a system that we think is more secure.”

Coinbase had earlier suspended Tether for its European users following the release of new European Union laws on digital currencies. These laws limit the stablecoin issuers to keeping a part of the reserves in cash with the banks. Even though Tether has spoken out against these rules, stating that there are some risks, other stablecoin issuers, including Circle’s USDC, have stated that they will conform to the EU’s MiCA regulation.

Potential U.S. Stablecoin Laws Could Force Industry Changes

In the US, there are two bills that have been proposed in an attempt to regulate stablecoins, one of which seeks to bar offshore and unregulated entities like Tether from issuing the coins. Although these bills have not been moved forward, Armstrong believes that the future legislation will likely support that stablecoin issuers should hold 100% of their reserves in the US Treasury bonds and should also be subjected to frequent audits.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Apr 04, 2025