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