Anchorage Digital, the first federally chartered crypto bank in the United States, has selected M0 as its core technology provider, a move aimed at transforming the custodian into a primary engine for institutions seeking to mint and manage regulated stablecoins.
San Francisco-based Anchorage seeks to expand its issuance platform with M0 and open the door to a host of companies looking to launch U.S.-regulated stablecoins, according to a press release.
M0 (pronounced “M Zero”) is a flexible protocol that allows global institutions to mint fully configurable stablecoins that also works with protocols such as Stripe, Moonpay, and MetaMask.
“This may not sound like the sexiest topic, but we’ve been building modular infrastructure for stablecoins for three years,” M0 CEO Luca Prosperi said in an interview. “That means we support anyone who wants to launch and manage their own stablecoin, whether it’s a crypto project, protocol, fintech, payment provider, exchange, etc.”
The arrival of the GENIUS Act means that stablecoins are becoming a regulated tool in the United States. Prosperi added that M0 already works with several regulated players that use the company’s contracts, but the regulatory relationship with Anchorage is “a little deeper.”
“By partnering with M0, we are expanding our distribution 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.