Anchorage Digital announced the delisting of stablecoins such as USDC, facing criticism from the industry

ChainCatcher news, 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 Safety Matrix" that assesses 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 phased out.

Anchorage urged 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.