Coinbase Would Delist Stablecoin Tether if Required by Law, CEO Says
Coinbase Global would remove stablecoin tether from its U.S. cryptocurrency trading platform if required by new legislation, CEO Brian Armstrong said in an interview at the Journal House in Davos, Switzerland. Tether, which is pegged 1:1 to the dollar, is the world’s most traded cryptocurrency, but authorities are scrutinizing its use by a plethora of crime groups, sanctions evaders and terrorist organizations to move money around the globe unhindered. If tether's issuer, also called Tether, couldn’t comply with any new U.S. laws, Coinbase would delist it, Armstrong said.