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Anchorage Digital Gobbles Up Mountain Protocol—Stablecoin Arms Race Heats Up
Anchorage Digital Gobbles Up Mountain Protocol—Stablecoin Arms Race Heats Up
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Crypto’s institutional darling makes power play for USDM issuer
Another day, another custody giant swallowing a smaller fish—because in TradFi’s shadow, consolidation is the only survival strategy. Anchorage Digital just placed its bet on the stablecoin boom with this acquisition, proving even the most ’compliant’ players can’t resist the siren song of yield.
Mountain Protocol’s USDM now gets a turbocharged distribution network. Meanwhile, regulators sharpen their knives—lucky for Anchorage, their lawyers bill by the hour.
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