Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Agora CEO Disputes Anchorage High-Risk Report on AUSD

Agora CEO Disputes Anchorage High-Risk Report on AUSD

Coinlineup2025/06/27 11:40
By:Coinlineup
Key Points:

  • Agora CEO disputes Anchorage’s high-risk rating of AUSD.
  • Anchorage delists AUSD and USDC citing security issues.
  • Agora maintains confidence in AUSD’s reserve management.
Agora CEO Disputes Anchorage High-Risk Report on AUSD

Lede: Agora’s challenge highlights potential conflicts in cryptocurrency ratings, impacting stablecoin trust and market behavior.

“If Anchorage had just delisted USDC and AUSD to prioritize the stablecoins that they
have an economic interest in, I would understand it as a business decision. Private businesses can
and should act in their own interests. But attempting to delegitimize AUSD and USDC for ‘security
concerns,’ while knowingly publishing false information, is unserious and bizarre.” –
Nick van Eck, CEO, Agora

Agora CEO Nick van Eck expressed concerns over Anchorage’s decision to rank AUSD as high-risk.
He alleged bias, suggesting Anchorage may prioritize stablecoins with economic interests.
Agora claims AUSD remains robust, with billions in transactions
worldwide, and confidently asserts AUSD is fully backed by reserves, including U.S. Treasury securities,
despite Anchorage’s classifications.

The immediate fallout includes decreased trust in rating methodologies. Organizations reliant on AUSD or
USDC face market uncertainties. Potential financial implications include shifts in stablecoin usage and perception.
Agora continues advocating for transparency, emphasizing compliance and stable reserves. Dialogue on regulatory
oversight may shape future stablecoin assessments. Anticipated scrutiny from investors and analysts highlights the
need for transparency and robust criteria in cryptocurrency ratings.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

ESUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/16 11:12

New spot margin trading pair — CROSS/USDT, TAC/USDT!

Bitget Announcement2025/07/16 08:07

Subscribe to TANSSI Savings and enjoy up to 15% APR

Bitget Announcement2025/07/15 11:00

TACUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/15 10:40