Coinbase would delist Tether’s USDT if new US legislation requires

Brian Armstrong remarked that Coinbase might need to delist Tether’s USDT if new regulations arise. He expects these rules to enforce reserves in US Treasury bonds and regular audits, which may threaten Tether’s operations, similar to the impacts seen from EU regulations.

The stablecoin market, valued at approximately 218.7 billion USD, could undergo significant shifts in light of new US regulatory measures. Armstrong noted that while positive regulatory changes are anticipated, the agency remains vigilant and prepared to take action against non-compliant entities.