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Anchorage Digital Acquires Mountain Protocol to Expand Stablecoin Capabilities

Anchorage Digital Acquires Mountain Protocol to Expand Stablecoin Capabilities

Published:
2025-05-13 10:10:01
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Anchorage Digital has entered the competitive stablecoin arena with its acquisition of Mountain Protocol, the Bermuda-regulated issuer of USDM. The deal, pending regulatory approval, will integrate Mountain’s technology and licensing framework to bolster Anchorage’s institutional offerings.

The move reflects growing institutional demand for stablecoin infrastructure. Anchorage already provides yield services for PayPal’s PYUSD, positioning the firm as a key player in bridging traditional finance with digital assets. Stablecoins now represent over 7% of the total crypto market capitalization, with daily volumes frequently surpassing $50 billion.

|Square

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