In a strategic move to become a key player in the regulated stablecoin market, Anchorage Digital, the first federally chartered cryptocurrency bank in the US, has chosen M0 as its core technology partner. This collaboration aims to empower institutions to create and manage regulated stablecoins.
By joining forces with M0, Anchorage Digital is set to broaden its stablecoin issuance platform, making it more accessible to firms seeking to launch US-regulated stablecoins, as stated in a recent press release. M0, pronounced 'M Zero', offers a versatile protocol that enables global institutions to create fully customizable stablecoins. The company has already partnered with notable firms such as Stripe, Moonpay, and MetaMask. According to M0 CEO Luca Prosperi, 'We've been developing modular infrastructure for stablecoins over the past three years, which means we support any project, protocol, fintech, payment provider, or exchange looking to launch and manage their own stablecoin.' The introduction of the GENIUS Act has led to stablecoins being regulated in the US.
While M0 has already collaborated with several regulated entities using its contracts, its partnership with Anchorage marks a deeper regulatory-focused relationship, as noted by Prosperi. Anchorage CEO Nathan McCauley stated, 'Our partnership with M0 allows us to expand our issuance platform while maintaining the high standards of regulation, operations, and security that our partners expect from us.'