USDT News: Coinbase CEO Addresses Potential Delisting of Tether

Coinbase CEO Brian Armstrong has indicated that the exchange would comply with U.S. regulations by delisting Tether (USDT) if required. This statement comes amidst ongoing discussions about the regulatory landscape for stablecoins in the United States.

USDT meaning: What is it?

Tether (USDT) is a stablecoin that maintains a 1:1 value with the US dollar, meaning it is backed by an equivalent amount of fiat currency held in reserve. Introduced in 2014, USDT has become a crucial component of the cryptocurrency market, widely used for trading and transactions across various platforms.

Coinbase CEO: Exchange Would Delist Tether if Required by U.S. Law

Coinbase CEO Brian Armstrong has stated that the cryptocurrency exchange would remove Tether (USDT) from its U.S. platform if new legislation mandates such an action. Armstrong made these remarks during an interview at the World Economic Forum in Davos, Switzerland. He also noted that he anticipates future U.S. legislation to require stablecoin issuers to hold 100% of their reserves in U.S. Treasury bonds and to pass audits. While Armstrong acknowledged Tether's role in the crypto ecosystem as a bridge for users to transition between cryptocurrencies, he emphasized that Coinbase would comply with any future U.S. regulations.

Gate.io Reserves Surpass $10B with $2.3B Surplus and 128.58% Ratio

Gate.io's total reserve fund reached a new all-time high of $10 billion in January 2025, ranking fourth globally with a total reserve ratio of 128.58%, marking a significant increase from the previous period and surpassing the industry benchmark of 100%. The platform's reserves cover user assets across more than 200 cryptocurrencies, offering enhanced security through substantial surplus reserves. Currently, Gate.io’s surplus reserves amount to $2.3 billion, with a surplus reserve ratio of 128.58%. In terms of major cryptocurrencies, BTC reserves stand at a significant amount with a high reserve ratio, ETH reserves also show a strong reserve ratio, and USDT reserves reflect an increase from the previous period.