CEO of Agora, Nick van Eck, refutes the 'safety matrix of stablecoins' by Anchorage.

Anchorage recently published a report titled "stablecoin safety matrix," but faced backlash from some issuers. Nick van Eck, CEO of Agora ( issuing AUSD), criticized the biased report as Anchorage has vested interests in certain stablecoins like USDP from Paxos. He stated that AUSD was delisted after refusing to participate in Anchorage's "Genius Bill as a Service" product. Van Eck accused Anchorage of deliberately downplaying AUSD and USDC from Circle with misleading information to prioritize the stablecoins they have economic interests in. Anchorage stated that the report is based on public data and evaluations based on asset quality, banking partners, and relationships with regulators. PYUSD (PayPal) and USDP (Paxos) are leading the rankings. The report was released amid preparations in America to pass stablecoin regulatory legislation this summer.