In a strategic move to bolster its position as a leading custodian for institutions, Anchorage Digital, the first federally chartered crypto bank in the US, has selected M0 as its core technology partner. This collaboration aims to empower Anchorage to become a primary hub for the creation and management of regulated stablecoins. By leveraging M0's flexible protocol, which has already been adopted by prominent players such as Stripe, Moonpay, and MetaMask, Anchorage is poised to support a broad spectrum of firms seeking to issue US-regulated stablecoins. According to M0 CEO Luca Prosperi, the company has been developing modular infrastructure for stablecoins over the past three years, with the goal of supporting any entity looking to launch and manage its own stablecoin.
This includes crypto projects, protocols, fintech companies, payment providers, exchanges, and more. The recent introduction of the GENIUS Act has led to stablecoins being recognized as a regulated instrument in the US. While M0 has already partnered with several regulated entities, its relationship with Anchorage is distinct due to its focus on 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 regulatory, operational, and security standards that its partners expect.