In a move to bolster its position as a leading issuer of regulated stablecoins, Anchorage Digital, the first federally chartered crypto bank in the US, has selected M0 as its core technology partner. This collaboration is designed to empower institutions seeking to create and manage compliant stablecoins.
By leveraging M0's flexible protocol, Anchorage aims to broaden its issuance platform, enabling a diverse array of firms to introduce 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 a focus on supporting various entities, including crypto projects, protocols, fintech companies, payment providers, and exchanges, in launching and managing their own stablecoins. The recent introduction of the GENIUS Act has brought stablecoins in the US under regulatory oversight.
While M0 has already partnered with several regulated entities, its collaboration with Anchorage represents a deeper commitment to regulatory compliance. Anchorage CEO Nathan McCauley emphasized that the partnership with M0 will enable the company to extend its issuance platform while maintaining the high standards of regulatory compliance, operational efficiency, and security that its partners expect.