PANews reported on January 22 that according to Cointelegraph, Coinbase CEO Brian Armstrong believes that the upcoming US stablecoin regulations may require issuers to fully back their dollar-denominated tokens with US Treasuries - a move that could make it more difficult for offshore companies to serve the US market. In an interview during the World Economic Forum in Davos, Switzerland, Armstrong said he expects stablecoin regulations to become clearer in the near future. Two of the requirements may be that all stablecoin operators in the United States must fully back their tokens with US Treasuries and complete regular audits. He specifically pointed out that stablecoin issuer Tether may be one of the companies hardest hit by the new regulations, and if Tether fails to comply with any new US laws, Coinbase will delist USDT.

At the same time, Coinbase plans to continue to offer USDT services to help customers acquire other crypto assets. Armstrong said: "There are a lot of people holding Tether, and if we want to help them transition to a system that we think is safer, we want to provide them with an exit channel." As previously, in order to welcome the implementation of the Crypto Asset Market Regulation (MiCA), Coinbase has removed USDt and other non-compliant stablecoins in Europe. However, a Coinbase spokesperson said that if the stablecoin "meets MiCA compliance requirements in the future", it may be relisted.