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Anchorage Digital announced the delisting of USDC and other stablecoins, facing criticism from the industry.
According to a report by Cryptopolitan on June 28, deep tide TechFlow news, the federally chartered crypto bank Anchorage Digital announced the delisting of multiple stablecoins, including the widely used USDC, which has drawn criticism from the industry.
Anchorage has released a “stablecoin safety matrix” assessing the regulatory oversight and reserve quality of digital dollar tokens. USDC, Agora USD (AUSD), and Usual USD (USD0) failed to meet the company’s internal standards and will be gradually delisted. Anchorage urges its institutional clients to switch to Global Dollar (USDG), a competing stablecoin issued by Paxos, supported by an alliance of which Anchorage is a founding member.