Coinbase CEO: Future stablecoin regulation may require full support from U.S. Treasury bonds

Odaily News Coinbase CEO Brian Armstrong believes that upcoming U.S. stablecoin regulations may require issuers to fully back their dollar-denominated tokens with U.S. Treasuries, a move that could make it more difficult for offshore companies to serve the U.S. market.
Armstrong said in an interview at the World Economic Forum in Davos, Switzerland that he expects stablecoin laws to become clearer in the near future. Two requirements may be that all stablecoin operators in the United States fully back their tokens with U.S. Treasuries and complete regular audits. (WSJ)