The Encourage Digital is criticizing at least one stabechoin issuer after the digital “regulatory expectations” and an internal risk evaluation, announced a plan to phase the support for three stabelines.

Nick Wan AK, Egora co-founder and CEO, Criticized StableCoins step to remove support for USDC (USDC), Agora USD (AUSD), and General USD (USD0) in Thursday X post, claiming that the decision was based on “easily verified and known factual impurities”.

He said that the Encourage StableCoin failed to disclose his relationship with the issuer Paxos, which could be potentially benefiting from being phased by the tokens issued by other platforms.

Encourage was one of the first crypto companies to organize the US banking charter. In Tuesday’s notice, the company said that it was Launched A stabechoin “safety matrix” in an attempt to evaluate tokens based on the regulatory guidelines for its issuers. As part of the move, the company said it planned to phase the USDC, AUSD and USD0.

“Our Stabecrimon Safety Matrix, USDC, AUSD and USD 0 do not satisfy internal norms of Aankorge Digital for prolonged flexibility,” Rachel Anderica said, Head of Global Operations of Encourage Digital, said, “Our Stabecrimage Matrix, USDC, AUSD and USD 0. “In particular, we identified high concentration risks associated with their issuing structures – something we believe that institutions should carefully evaluate.”

Ankrej estimates the Genius Act

The “safety matrix,” of the “safety matrix,”, which was labeled by the van Eac as a “talent bill” as a service, would include Stabecrims in the preparation for the US government, who is potentially passing the guide and establishs national innovation for the American Stabecrims, or the Genius Act.

The company said that the assessment also includes the evaluation of stabcoin liquidity, dagg history and concentration risk. Under the framework, Ankrez considered the token not to meet regulatory expectations for the United States.

Joint, AUSD and USD0 form a small piece of Stabeloin market, with approximately $ 700 million in value Compare For $ 61 billion of USDC. Circle, issuer behind USDC, recently Started your wall streetStabecines continue to move towards wide institutional adoption as strong investors interest.

Both Circle and Agora are headquartered in the US, while normally located in Paris. Cointelegraph reached a spokesperson of the circle, but did not receive a response at the time of publication.

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“If Encourage had removed only USDC and AUSD to prioritize stabechines, with his economic interest, I would understand it as a commercial decision,” said Van Ik. “Private businesses can work in their own interests. But trying to hand over AUSD and USDC for ‘safety concerns’, but deliberately publishing false information, unheard and bizarre.”

Bill under consideration in US Congress, Micah is required in EU

The Genius Act is close to the law being enacted American Senate Passing On 17 June. US President Donald Trump suggested that he would sign the bill from the Representative Assembly as soon as possible.