Stablecoin, Circle News: Crypto Custodian Anchorage to Phase Out USDC, Stirring Backlash

Stablecoin, Circle News: Crypto Custodian Anchorage to Phase Out USDC, Stirring Backlash

The crypto custodian rated USDC and AUSD poorly for regulatory oversight and reserve management, while executives from VanEck, Coinbase and others questioned the ranking.

Crypto Custodian Anchorage To Phase Out USDC, Stirring Backlash - Data Intelligence

Anchorage Digital, a crypto custodian and federally chartered bank, said it will start phasing out and direct institutional clients to convert USDC and other stablecoins into rival token Global Dollar The firm released a “Stablecoin Safety Matrix” that ranks stablecoins based on regulatory oversight and reserve asset management on Tuesday. Circle-issued USDC, which is the second-largest stablecoin with a $61 billion supply and is popular among i…

Anchorage faces criticism over stablecoin delistings

Anchorage Digital is delisting USDC, AUSD, and USD0, citing concerns about issuer risk and regulatory oversight.

Anchorage ‘Safety Matrix’ faces backlash over stablecoin delistings - WorldNL Magazine

Anchorage Digital is drawing criticism from at least one stablecoin issuer after announcing plans to phase out support for three stablecoins, citing “regulatory expectations” and internal risk assessment. Nick van Eck, co-founder and CEO of Agora, criticized Anchorage’s move to remove support for stablecoins USDC (USDC), Agora USD (AUSD), and Usual USD (USD0) in a Thursday X post, claiming the decision was based on “easily verifiable and known f…

Anchorage to Phase Out USDC, Agora USD Citing Risks, Stirring Fierce Backlash – MAXBIT

Anchorage Digital, a crypto custodian and federally chartered bank, said it will start phasing out and direct institutional clients to convert USDC USDC and other stablecoins into rival token Global Dollar (USDG) in a sweeping move that drew criticism from industry players. The firm released a “Stablecoin Safety Matrix” that ranks stablecoins based on regulatory...

CoinStats - Anchorage ‘Safety Matrix’ faces backlash ove...

Nick van Eck, co-founder and CEO of Agora, behind one of the stablecoins Anchorage said it would phase out, claimed inaccuracies and an inconsistently applied framework. Anchorage Digital is drawing criticism from at least one stablecoin issuer after announcing plans to phase out support for three stablecoins, citing “regulatory expectations” and internal risk assessment. Nick van Eck, co-founder and CEO of Agora, criticized Anchorage’s move to …