In a significant move to bolster its position in the regulated stablecoin market, Anchorage Digital, the first federally chartered crypto bank in the US, has selected M0 as its core technology partner. This collaboration is designed to establish Anchorage as a leading platform for institutions seeking to create and manage regulated stablecoins.
By leveraging M0's flexible protocol, which enables the creation of fully customizable stablecoins, Anchorage aims to expand its issuance platform and cater to a broad spectrum of firms interested in launching US-regulated stablecoins. M0's protocol has already gained traction with prominent players such as Stripe, Moonpay, and MetaMask. According to M0 CEO Luca Prosperi, the company has been developing modular infrastructure for stablecoins over the past three years, with the goal of supporting any entity looking to launch and manage its own stablecoin. The recent introduction of the GENIUS Act has brought stablecoins in the US under regulatory oversight, and M0 has established partnerships with several regulated entities that utilize its contracts.
The partnership with Anchorage represents a deeper regulatory-focused relationship. Anchorage CEO Nathan McCauley noted that the collaboration with M0 will enable the company to extend its issuance platform while maintaining the high regulatory, operational, and security standards that its partners expect.