Coinbase CEO Brian Armstrong Discusses Potential Tether Delisting
- Brian Armstrong, CEO of Coinbase, stated that Tether (USDT) could be removed from the U.S. trading platform if required by new legislation.
- Tether is the most traded cryptocurrency globally and is pegged 1:1 to the U.S. dollar.
- Regulatory concerns include Tether’s alleged connections to criminal groups and sanctions bypassers.
- Two U.S. bills propose regulating stablecoins, possibly affecting entities like Tether.
- Tether’s issuer is based in the British Virgin Islands and claims backing by various assets including U.S. Treasury bonds.
Brian Armstrong emphasized Coinbase’s commitment to regulatory compliance and mentioned possible delisting of Tether if it fails to meet new legal standards.
Source (2.6)https://coingape.com/brian-armstrong-confirms-tether-delisting-if-noncompliant-with-us-laws-report/?rand=24432
