Coinbase CEO: Future stablecoin regs likely to demand full US Treasury backing 🏦
Brian Armstrong, CEO of Coinbase, discussed the potential challenges that future US stablecoin regulations may pose, stressing the requirement for full US Treasury backing. Such regulations could lead to complications for non-compliant entities like Tether.
Armstrong also pointed out the possibility of Coinbase delisting USDt should Tether be unable to comply with the upcoming regulations, indicating the seriousness of these potential changes for stablecoin issuers.
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