Anchorage Digital is facing backlash after announcing plans to discontinue support for three stablecoins — USDC, AUSD, and USD0 — citing “regulatory expectations” and concentration risks linked to their issuers. Agora CEO Nick van Eck criticized Anchorage for publishing false information and failing to disclose its relationship with Paxos, which could benefit from the move. Anchorage stated the decision aligns with its preparation for the potential passing of the GENIUS Act in the U.S. Meanwhile, Tether has declined to comply with the EU’s MiCA framework, citing associated risks.

Source: https://x.com/Nick_van_Eck/status/1938239465866092949