In a bid to bolster its position as a leading custodian for institutions seeking to create and manage regulated stablecoins, Anchorage Digital, the first federally chartered crypto bank in the U.S., has selected M0 as its primary technology provider. This collaboration is aimed at empowering a broad spectrum of firms to issue U.S.-regulated stablecoins, as announced in a recent press release. M0, a versatile protocol, facilitates the creation of fully customizable stablecoins and has established partnerships with notable entities such as Stripe, Moonpay, and MetaMask.
According to M0 CEO Luca Prosperi, "We have been developing modular infrastructure for stablecoins over the past three years, which enables us to support any organization looking to launch and manage its own stablecoin, whether it's a crypto project, protocol, fintech, payment provider, exchange, or others." The introduction of the GENIUS Act has led to stablecoins being recognized as a regulated instrument in the U.S. M0 has already collaborated with several regulated entities utilizing its contracts, but the 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 extend our issuance platform, supporting growth while upholding the regulatory, operational, and security standards our partners trust."