Anchorage Digital, the first federally chartered cryptocurrency bank in the US, has chosen M0 as its core technology partner to transform its custody services into a primary hub for institutions seeking to create and manage regulated stablecoins. By joining forces with M0, Anchorage Digital is set to expand its stablecoin issuance platform, thereby opening up opportunities for numerous firms to introduce US-regulated stablecoins, as stated in a recent press release. M0, pronounced 'M Zero', is a versatile protocol that enables global institutions to create fully customizable stablecoins and has existing partnerships with prominent companies such as Stripe, Moonpay, and MetaMask. According to M0 CEO Luca Prosperi, 'We have been developing modular infrastructure for stablecoins over the past three years, 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.' With the introduction of the GENIUS Act, stablecoins in the US are becoming regulated instruments.
M0 has already collaborated with several regulated entities that utilize the firm's contracts, but its 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 maintaining the regulatory, operational, and security standards our partners trust.'