In a strategic move, Anchorage Digital, the first federally chartered cryptocurrency bank in the U.S., has selected M0 as its core technology partner. This partnership is designed to position Anchorage as a key player for institutions seeking to create and manage regulated stablecoins. By leveraging M0's technology, Anchorage seeks to expand its stablecoin issuance capabilities, thereby opening up opportunities for various firms to introduce U.S.-regulated stablecoins, as stated in a recent press release. M0, a versatile protocol, allows global institutions to create fully customizable stablecoins.
The company has already collaborated with notable entities such as Stripe, Moonpay, and MetaMask. According to M0 CEO Luca Prosperi, "We've spent the past three years developing modular infrastructure for stablecoins, which means we support any organization looking to launch and manage their own stablecoin, whether it's a crypto project, protocol, fintech, payment provider, exchange, or more." The introduction of the GENIUS Act has led to stablecoins being regulated in the U.S. M0 has already partnered with several regulated entities that utilize its contracts, but its relationship with Anchorage is more extensive due to the focus on regulation, Prosperi noted.
Anchorage CEO Nathan McCauley stated, "Our partnership with M0 enables us to extend our issuance platform, supporting growth while maintaining the high regulatory, operational, and security standards our partners expect from us."