Anchorage Digital announces the delisting of stablecoins such as USDC, drawing criticism from the industry.

According to Cryptopolitan, federally chartered crypto bank Anchorage Digital has announced that it will delist several stablecoins, including the widely used $USDC, sparking criticism in the industry. Anchorage released a "Stablecoin Security Matrix" that assesses the regulatory oversight and reserve quality of digital dollar tokens. $USDC, Agora USD (AUSD), and Usual USD (USD0) did not meet the company's internal standards and will be phased out. Anchorage is urging its institutional clients to switch to Global Dollar ($USDG), a competing stablecoin issued by Paxos and supported by a consortium of which Anchorage is a founding member. [ChainCatcher]