In a move to bolster its position as a leading crypto bank, Anchorage Digital has selected M0 as its core technology partner. This collaboration aims to establish Anchorage as a premier platform for institutions seeking to create and manage regulated stablecoins. By leveraging M0's flexible protocol, Anchorage seeks to broaden its issuance platform, enabling a diverse array of firms to introduce US-regulated stablecoins. M0's protocol has already garnered support from notable companies 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, with the goal of supporting any entity looking to launch and manage its own stablecoin. The recent introduction of the GENIUS Act has brought stablecoins in the US under regulatory scrutiny, and M0 has established partnerships with several regulated entities. The partnership with Anchorage represents a deeper regulatory-focused relationship, as noted by Prosperi. 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.