Anchorage Digital, the first federally chartered crypto bank in the United States, has selected M0 as its core technology provider, aiming to transform custodians into the primary engine for institutions seeking to mint and manage regulated stablecoins.
According to the press release, San Francisco-based Anchorage seeks to expand its issuance platform via M0, opening the door to numerous companies looking to launch U.S.-regulated stablecoins.
M0 (pronounced "M Zero") is a flexible protocol that allows global institutions to mint fully configurable stablecoins and can integrate with platforms such as Stripe, Moonpay, and MetaMask.
M0 CEO Luca Prosperi said in an interview: “This may not sound like the most exciting topic, but we’ve been building modular infrastructure for stablecoins for three years. This means we support anyone who wants to issue and manage their own stablecoin—whether it’s a crypto project, protocol, fintech company, payment service provider, exchange, and more.”
The passage of the GENIUS Act means that stablecoins in the United States are becoming a regulated instrument. M0 has established partnerships with several regulated institutions that use its contracts, but Prosperi added that the collaboration with Anchorage is “more deeply rooted” in regulatory terms.
Nathan McCauley, CEO of Anchorage, said in a statement: “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.”