Agora CEO questions Anchorage's rating report that lists AUSD as a high-risk asset Nick van Eck, CEO of stablecoin issuer Agora, questioned Anchorage Digital's "stablecoin security rating matrix," which lists AUSD as a high-risk asset. Van Eck accuses Anchorage of bias in its rating due to its commercial partnerships with stablecoin companies such as Paxos. Anchorage previously delisted AUSD and USDC on the grounds of "structural risk," but van Eck called this a retaliatory action as Agora refused to use its paid service products. Anchorage responded that the rating is entirely based on publicly disclosed information, with evaluation dimensions including reserve composition, banking partners, and regulatory compliance. PayPal's PYUSD and Paxos' USDP rank first in its rating, followed by USDT, RLUSD, and others. Agora disclosed that its reserves are managed by State Street Bank, with VanEck serving as the investment manager.