In a strategic move, Anchorage Digital, the first federally chartered cryptocurrency bank in the US, has chosen M0 as its core technology partner to power the next generation of regulated stablecoins. This partnership is designed to position Anchorage as a leading platform for institutions seeking to create and manage compliant stablecoins. By leveraging M0's flexible protocol, Anchorage seeks to expand its stablecoin issuance capabilities, catering to a broad spectrum of firms interested in launching US-regulated stablecoins.
M0's protocol enables the creation of fully customizable stablecoins and has already been adopted by 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 a wide range of entities, from crypto projects and protocols to fintech companies, payment providers, and exchanges. The recent introduction of the GENIUS Act has led to stablecoins being regulated in the US, and M0 has already established partnerships with several regulated entities utilizing its contracts. The partnership with Anchorage represents a deeper regulatory-focused relationship.
Anchorage CEO Nathan McCauley stated, 'Our partnership with M0 enables us to extend our issuance platform, supporting the growing demand for stablecoins while maintaining the high regulatory, operational, and security standards that our partners expect.'