In a move to bolster its position as a leading crypto bank, Anchorage Digital has selected M0 as its primary technology partner, aiming to become a key player in the regulated stablecoin market. By leveraging M0's flexible protocol, Anchorage seeks to enhance its issuance platform and cater to a broad spectrum of firms seeking to launch US-regulated stablecoins. M0's protocol enables the creation of fully customizable stablecoins and has already collaborated with prominent companies such as Stripe, Moonpay, and MetaMask. According to M0 CEO Luca Prosperi, the company has been developing infrastructure for stablecoins over the past three years, supporting various institutions in launching and managing their own stablecoins.
The recent introduction of the GENIUS Act has led to increased regulation of stablecoins in the US, and M0 has partnered with several regulated entities to utilize its contracts. The partnership with Anchorage represents a deeper regulatory-focused relationship. Anchorage CEO Nathan McCauley stated that the collaboration with M0 will enable the company to extend its issuance platform while maintaining high regulatory, operational, and security standards.