In a strategic move, Anchorage Digital, the first crypto bank to receive a federal charter in the US, has chosen M0 as its core technology provider. This collaboration is designed to position Anchorage as a key player in the issuance and management of regulated stablecoins for institutions.
By teaming up with M0, Anchorage aims to broaden its stablecoin issuance platform, creating opportunities for various firms to introduce US-regulated stablecoins, as outlined in a recent press release. M0, pronounced 'M Zero', offers a versatile protocol that enables global institutions to create fully customizable stablecoins. The company has already partnered with notable firms 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 entity 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 US.
M0 has collaborated with several regulated entities that utilize the company's contracts, but the partnership with Anchorage represents a deeper regulatory-focused relationship, as noted by Prosperi. Anchorage CEO Nathan McCauley stated, 'Our partnership with M0 allows us to extend our issuance platform to support growth while upholding the regulatory, operational, and security standards that our partners expect from us.'