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Anchorage Digital announces delisting of USDC and other stablecoins, facing industry criticism

Summary: According to Cryptopolitan, federal chartered crypto bank Anchorage Digital announced the delisting of multiple stablecoins, including widely used USDC, sparking industry criticism. Anchorage released a 'Stablecoin Security Matrix' evaluating 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 ...

According to Cryptopolitan, federal chartered crypto bank Anchorage Digital announced the delisting of multiple stablecoins, including widely used USDC, sparking industry criticism. Anchorage released a 'Stablecoin Security Matrix' evaluating 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 phased out. Anchorage is urging its institutional clients to switch to Global Dollar (USDG), a competing stablecoin issued by Paxos and supported by an alliance of which Anchorage is a founding member.

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