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Stablecoin, Circle News: Crypto Custodian Anchorage to Phase Out USDC, Stirring Backlash
10 Articles
10 Articles
Controversy for the Elimination of Stablecoins in Anchorage! The recent decision by Anchorage to remove the stablecoins from its platform has generated a great stir in the world of cryptocurrencies. The news has not only surprised users, but has also placed at the center of the debate the security and viability of these currencies in the financial market. With divided opinions, experts wonder if this measure is a step towards greater security or…
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 ‘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...
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