On January 22nd, Coinbase CEO Brian Armstrong believes that the upcoming US stablecoin regulations may require issuers to fully back their US dollar-denominated tokens with US Treasury bonds, a move that may 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 that he expects stablecoin regulations to become clearer in the near future. Two of the requirements are likely to be: All stablecoin operators in the US must be fully backed with US Treasury bonds as tokens and complete regular audits. He specifically pointed out that stablecoin issuer Tether may be one of the companies hardest hit by the new regulations. If Tether fails to comply with any new US laws, Coinbase will remove the USDT. At the same time, Coinbase plans to continue providing USDT services to assist customers in accessing other cryptoassets.