In a strategic move, Anchorage Digital, the first federally chartered cryptocurrency bank in the US, has selected M0 as its core technology partner to power the next generation of regulated stablecoins. By joining forces with M0, Anchorage aims to bolster its issuance platform and cater to a diverse array of firms seeking to introduce US-regulated stablecoins.
M0, a versatile protocol, enables global institutions to create fully customizable stablecoins and has collaborations 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, 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 led to the regulation of stablecoins in the US, and M0 has already partnered with several regulated entities utilizing its contracts. The partnership with Anchorage marks a deeper regulatory-focused relationship.
Anchorage CEO Nathan McCauley stated that the collaboration with M0 enables the company to extend its issuance platform while maintaining the high regulatory, operational, and security standards that its partners expect.