TechFlow news, June 28 — According to Cryptopolitan, federal-chartered crypto bank Anchorage Digital announced it will delist several stablecoins, including the widely used USDC, sparking criticism within the industry.
Anchorage released a "Stablecoin Security Matrix" assessing regulatory oversight and reserve quality of digital dollar tokens. USDC, Agora USD (AUSD), and Usual USD (USD0) failed to meet the firm's internal standards and will be phased out. Anchorage is urging its institutional clients to transition to Global Dollar (USDG), a competing stablecoin issued by Paxos and backed by a consortium of which Anchorage is a founding member.
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