Coinbase首席执行官：如果不遵守美国新规则，TETHER可能会被踢出局

Coinbase 的布莱恩·阿姆斯特朗 (Brian Armstrong) 刚刚投下一颗炸弹——如果美国稳定币法规要求财政部全力支持，Tether 将不得不遵守，否则就会被踢出局。

Coinbase may be forced to delist Tether’s USDT stablecoin from its platform if upcoming U.S. legislation requires stablecoin issuers to maintain 100% of their reserves in U.S. Treasury bonds and fully cooperate with regular audits. This revelation was made by Coinbase CEO Brian Armstrong during a discussion at the World Economic Forum in Davos.

如果即将出台的美国立法要求稳定币发行人将其储备金 100% 保留在美国国债中，并充分配合定期审计，那么 Coinbase 可能会被迫从其平台上下架 Tether 的 USDT 稳定币。这一消息是 Coinbase 首席执行官布莱恩·阿姆斯特朗 (Brian Armstrong) 在达沃斯世界经济论坛的一次讨论中透露的。

The move would be a significant blow to Tether, which is currently the third-largest cryptocurrency by market capitalization and plays a crucial role in the cryptocurrency ecosystem. However, Coinbase’s decision would be driven by its commitment to regulatory compliance, a stance that has already led the exchange to delist USDT in Europe due to the EU’s MiCA legislation.

此举将对 Tether 造成重大打击，Tether 目前是市值第三大加密货币，在加密货币生态系统中发挥着至关重要的作用。然而，Coinbase 的决定将取决于其对监管合规性的承诺，这一立场已经导致该交易所因欧盟 MiCA 立法而在欧洲下架 USDT。

Coinbase CEO: Tether May Be Delisted If It Doesn’t Follow New US Stablecoin Rules

Coinbase首席执行官：如果不遵守美国稳定币新规则，Tether可能会被摘牌

Coinbase CEO Brian Armstrong just dropped a bomb — if US stablecoin regs demand full Treasury backing, Tether will have to comply or get booted.

Coinbase 首席执行官布莱恩·阿姆斯特朗 (Brian Armstrong) 刚刚投下一颗炸弹——如果美国稳定币法规要求财政部全力支持，Tether 将不得不遵守，否则就会被踢出局。

He said they’d delist USDt if it doesn’t make the cut.

他表示，如果 USDt 未能晋级，他们将下架。

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Coinbase, Stablecoin Regulations, and Tether’s Position

Coinbase、稳定币法规和 Tether 的立场

According to Armstrong, the new stablecoin regulations being considered by U.S. lawmakers would require issuers to maintain 100% of their reserves in U.S. Treasury bonds and cooperate fully with regular audits. This move would force Coinbase to remove Tether from its platform as it must comply with the new regulations, similar to the actions taken under the EU’s MiCA legislation.

阿姆斯特朗表示，美国立法者正在考虑的新稳定币法规将要求发行人将其储备的 100% 保留在美国国债中，并充分配合定期审计。此举将迫使 Coinbase 将 Tether 从其平台上移除，因为它必须遵守新法规，类似于根据欧盟 MiCA 立法采取的行动。

With a market cap of $138 billion, Tether dominates the stablecoin market, outpacing competitors like Circle’s USDC. The company publishes quarterly attestations to demonstrate the composition of its reserves, which are primarily backed by U.S. Treasury bonds. However, critics maintain that these attestations fall short of complete audits, sparking concerns.

Tether 的市值为 1380 亿美元，在稳定币市场占据主导地位，超过了 Circle 的 USDC 等竞争对手。该公司发布季度证明以证明其储备的构成，这些储备主要由美国国债支持。然而，批评者认为这些证明没有经过完整的审计，引发了担忧。

The EU’s MiCA regulations have posed a significant challenge to Tether, prompting Coinbase to ultimately delist USDT in Europe. However, Armstrong’s comments suggest that U.S. lawmakers may adopt similar regulations, which would essentially demand that stablecoin issuers like Tether meet more stringent financial reporting standards. Coinbase would follow these rules and delist USDT if necessary.

欧盟的 MiCA 法规对 Tether 构成了重大挑战，促使 Coinbase 最终在欧洲下架 USDT。然而，阿姆斯特朗的评论表明，美国立法者可能会采取类似的法规，这实质上会要求 Tether 等稳定币发行人满足更严格的财务报告标准。 Coinbase 将遵循这些规则，并在必要时下架 USDT。

Despite these obstacles, Tether’s operations are largely concentrated in emerging markets outside the U.S. and Europe. Additionally, Tether holds reserves in other assets, including Bitcoin and gold, which could further complicate the company’s ability to meet the proposed regulatory requirements if they expand. Armstrong highlighted that Coinbase’s position on regulatory compliance remains unchanged.

尽管存在这些障碍，Tether 的业务主要集中在美国和欧洲以外的新兴市场。此外，Tether 持有其他资产的储备，包括比特币和黄金，如果监管要求扩大，这可能会使该公司满足拟议监管要求的能力进一步复杂化。阿姆斯特朗强调，Coinbase 在监管合规方面的立场保持不变。

Tether’s legal troubles in the U.S. continue as two proposed bills in the country aim to regulate stablecoins, with one bill seeking to exclude offshore and unregulated issuers like Tether. While these bills have stalled, Armstrong anticipates that future legislation will tighten the net, demanding greater compliance. Coinbase is prepared to cooperate by potentially delisting non-compliant stablecoins, as demonstrated in Europe.

Tether 在美国的法律麻烦仍在继续，该国拟议的两项法案旨在监管稳定币，其中一项法案试图将 Tether 等离岸和不受监管的发行人排除在外。尽管这些法案已陷入停滞，但阿姆斯特朗预计未来的立法将收紧网络，要求更多的合规性。正如欧洲所证明的那样，Coinbase 准备通过可能下架不合规稳定币的方式进行合作。

After acquiring a Digital Asset Service Provider (DASP) license, Tether relocated its headquarters to El Salvador to capitalize on the nation’s crypto-friendly regulatory environment and avoid the pressures faced in other jurisdictions. However, Tether’s legal woes persist as the company is being investigated by U.S. authorities for potential violations of sanctions and anti-money-laundering regulations.

在获得数字资产服务提供商（DASP）许可证后，Tether 将总部迁至萨尔瓦多，以利用该国对加密货币友好的监管环境，并避免在其他司法管辖区面临的压力。然而，随着美国当局因可能违反制裁和反洗钱法规而对 Tether 进行调查，该公司的法律困境依然存在。

Kraken's Layer 2 Stablecoin (USDT0) and Cross-Chain Swaps

Kraken 的第 2 层稳定币 (USDT0) 和跨链互换

In other developments within the stablecoin ecosystem, Kraken has introduced USDT0 on its Layer 2 blockchain, Ink. This integration aims to facilitate efficient cross-chain asset swaps by utilizing the Omnichain Fungible Token (OFT) standard for seamless exchanges.

在稳定币生态系统的其他发展中，Kraken 在其第 2 层区块链 Ink 上引入了 USDT0。此集成旨在通过利用 Omnichain Fungible Token (OFT) 标准实现无缝交换，促进高效的跨链资产交换。

Despite Tether's attempts to adapt and innovate, its challenges in meeting regulatory standards continue.

尽管 Tether 尝试适应和创新，但在满足监管标准方面的挑战仍然存在。