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Anchorage Digital to Acquire USDM Issuer Mountain Protocol in Stablecoin Expansion Move
Anchorage Digital to Acquire USDM Issuer Mountain Protocol in Stablecoin Expansion Move
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Anchorage Digital, a federally chartered crypto bank and custodian, has signed a definitive agreement to acquire stablecoin issuer Mountain Protocol. The acquisition aims to bolster institutional stablecoin adoption, with Anchorage planning to integrate Mountain’s technology, team, and licensing structure.
"Stablecoins are becoming the backbone of the digital economy," said Nathan McCauley, Anchorage’s co-founder and CEO. The MOVE aligns with a broader vision where businesses increasingly leverage stablecoins for financial operations.
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