Anchorage Digital Gobbles Up Mountain Protocol—Stablecoin Arms Race Heats Up

BTCC / BTCC Square / Coindesk /

Author:

Coindesk

Release Time:

2025-05-12 18:06:51

Anchorage Digital to Acquire USDM Issuer Mountain Protocol in Stablecoin Expansion Move

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.

By:

Log in to Reply

ICON Dumps Its Layer-1 Ambitions—Rebrands as SODAX in Pivot to... Something

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.