Anchorage Digital, America’s first federally chartered crypto bank, has tapped M0 as its core technology provider, a move designed to make the custodian a primary engine for institutions looking to mint and manage regulated stablecoins.
San Francisico-based Anchorage is looking to expand its issuance platform through M0, opening the door to a wide range of firms looking to launch US-regulated stablecoins, according to a press release.
M0 (pronounced “M Zero”) is a flexible protocol that enables global institutions to mint fully configurable stablecoins that also work with Stripe, Moonpay and MetaMask.
“It might not sound like the sexiest topic, but we’ve been building modular infrastructure for stablecoins for three years now,” M0 CEO Luca Prosperi said in an interview. “This means we support anyone who wants to launch and manage their own stablecoin, whether it’s a crypto project, protocol, fintech, payment provider, exchange and many more.”
The arrival of the GENIUS Act means that stablecoins in the US will become a regulated instrument. M0 has already partnered with several regulated players that use the firm’s contracts, but with Anchorage, the regulatory-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 security standards our partners rely on,” Anchorage CEO Nathan McCauley said in a statement.
