Coinbase CEO: "We may delist USDT if it violates regulations"

Brian Armstrong, the CEO of Coinbase, has stated that they may delist Tether (USDT), the leading stablecoin (a virtual asset pegged to the value of fiat currency), if it violates regulations.

According to the Wall Street Journal on the 21st (local time), CEO Brian Armstrong mentioned in an interview held in Davos, "Our preferred stablecoin is USDC. It's true that Tether is currently popular in many emerging markets," but added, "If stablecoin regulations are passed in the U.S. and Tether does not meet the U.S. regulatory requirements, we would have to delist it."

Previously, Coinbase had delisted Tether from its exchange services offered to European customers because Tether did not meet the requirements of the European crypto asset law, MiCA.

Armstrong further stated, "We would like to continue offering Tether because it provides easy off-ramp and on-ramp functions for people. However, if Tether violates U.S. law, we would have no choice but to delist it."