Agora CEO disagreed with Anchorage's "Stablecoin Security Matrix" report, which rated AUSD as a significantly high-risk stablecoin.

Golden Finance reported that the cryptocurrency financial services company Anchorage released a "Stablecoin Security Matrix" report on Thursday, which faced strong objections from some stablecoin issuers. Among them, Agora founder and CEO Nick van Eck raised particular concerns about Anchorage's ratings. Agora is the issuer of the AUSD stablecoin, which received a very low rating in the report. Van Eck claimed that Anchorage's ratings were influenced by bias related to its "paid participation" arrangements with certain stablecoin companies, including Paxos. According to van Eck, Anchorage removed Agora's AUSD and Circle's USDC tokens due to "structural risks," citing a lack of regulatory oversight and poor liability management of the supporting assets.