🔵Agora CEO questions Anchorage's rating report that lists AUSD as a high-risk asset
DeThings June 27 - According to The Block, Agora CEO Nick van Eck has questioned the "Stablecoin Security Rating Matrix" released by Anchorage Digital, which categorizes AUSD as a high-risk asset. Van Eck accused Anchorage of bias in its ratings due to its business partnerships with stablecoin companies like Paxos. Anchorage previously delisted AUSD and USDC citing "structural risks," but van Eck claimed this was an act of retaliation because Agora refused to use its fee-based service products. Anchorage responded that the rating is entirely based on publicly disclosed information, with assessment dimensions including reserve composition, banking partners, and regulatory compliance. In their ratings, PayPal's PYUSD and Paxos' USDP topped the list, followed by USDT, RLUSD, and others. Agora disclosed that its reserves are held by State Street Bank, with Van Eck serving as the investment manager.
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