In a move aimed at positioning itself as a key player in the regulated stablecoin market, Anchorage Digital, the first federally chartered cryptocurrency bank in the U.S., has selected M0 as its primary technology partner. This collaboration is designed to leverage M0's flexible protocol, enabling institutions to create customized stablecoins that meet regulatory requirements. The partnership opens up opportunities for various firms to issue U.S.-regulated stablecoins, further expanding Anchorage's issuance platform.
M0's protocol has already been adopted by notable companies such as Stripe, Moonpay, and MetaMask, demonstrating its versatility and appeal. According to M0 CEO Luca Prosperi, the company has been developing infrastructure for stablecoins over the past three years, with a focus on supporting a broad range of entities looking to launch and manage their own stablecoins. The recent introduction of the GENIUS Act has brought stablecoins under regulatory oversight in the U.S., and M0 has established partnerships with several regulated entities. The partnership with Anchorage represents a deeper commitment to regulatory compliance.
Anchorage CEO Nathan McCauley emphasized that the partnership with M0 will enable the company to support the growing demand for regulated stablecoins while maintaining the high standards of regulatory compliance, operational efficiency, and security that its partners expect.