Anchorage Digital, a crypto custodian and federally chartered bank, said it will start phasing out and direct institutional clients to convert USDC

and other stablecoins into rival token Global Dollar (USDG) in a sweeping move that drew criticism from industry players.

The firm released a “Stablecoin Safety Matrix” that ranks stablecoins based on regulatory oversight and reserve asset management on Tuesday.

STORY CONTINUES BELOW
Author: Krisztian Sandor

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