From Cointelegraph

June 27, 2025 3:11:00 pm:

Anchorage Digital faces backlash for phasing out support for stablecoins USDC, AUSD, and USD0 due to regulatory expectations and risk assessment. Co-founder Nick van Eck criticized the move, alleging factual inaccuracies and undisclosed ties with Paxos, potentially benefiting from the decision. Anchorage’s stablecoin safety matrix led to the phase-out decision. USDC, AUSD, and USD0 no longer meet Anchorage’s resilience criteria, according to Rachel Anderika. The company anticipates the GENIUS Act, assessing stablecoins’ liquidity, depeg history, and concentration risk. AUSD and USD0 represent a small portion of the stablecoin market compared to USDC. Circle recently made its stock market debut, attracting investor interest. Coinbase is also considering applying for a US banking license. The GENIUS Act, passed by the US Senate, aims to regulate stablecoins. Tether’s CEO expressed reluctance to register under the EU’s MiCA framework, leading to delisting of stablecoins on some exchanges.

Read more at Cointelegraph: Anchorage Digital Will Phase Out 3 Stablecoins, Claiming Risks