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Agora CEO disputed Anchorage's "stablecoin security matrix" report, which rated AUSD as a significantly riskier stablecoin

Internet reported that crypto financial services company Anchorage released a "stablecoin security matrix" report on Thursday, which was strongly opposed by some stablecoin issuers. Among them, Agora founder and CEO Nickvan Eck raised special questions about Anchorage's rating. Agora is the issuer of AUSD stablecoins, and its stablecoins received a very low rating in the report. Van Eck alleges that Anchorage's rating was influenced by the bias of its "paid participation" arrangements with certain stablecoin companies, including Paxos. According to van Eck, Anchorage removed Agora's AUSD and Circle's USDC tokens on the grounds of "structural risk," citing reasons including lack of regulatory oversight and poor management of the liabilities supporting assets.

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