Anchorage Digital, the first federally chartered crypto bank in the US, has chosen M0 as its primary technology provider, a move designed to make the custodian a prime mover for institutions seeking to mint and manage regulated stablecoins.
San Francisco-based Anchorage is looking to expand its issuance platform through M0, opening the door to a wide range of companies looking to launch US-regulated stablecoins, according to a press release.
M0 (pronounced “M Zero”), is a flexible protocol that allows global institutions to mint fully configurable stablecoins, which also works with companies like Stripe, Moonpay and MetaMask.
“It may not seem like the most sexy topic, but we have been building modular infrastructure for stablecoins for three years,” M0 CEO Luca Prosperi said in an interview. “This means that we support anyone who wants to launch and manage their own stablecoin, whether it is a crypto project, protocol, fintech, payment provider, exchange, and many more.”
The arrival of the GENIUS Act means that stablecoins in the US are becoming a regulated instrument. M0 has already partnered with several regulated players who are using the company’s contracts, but with Anchorage the regulation-focused relationship goes “a little deeper,” Prosperi added.
“By partnering with M0, we are expanding our issuance platform to support that growth, while maintaining the regulatory, operational and safety standards our partners rely on,” Anchorage CEO Nathan McCauley said in a statement.
