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Anchorage Digital announced the acquisition of the issuer of the yield-bearing stablecoin USDM, Mountain Protocol.
Anchorage Digital announced the acquisition of the issuer of the yield-bearing stablecoin USDM, Mountain Protocol, to strengthen its support for the institutional stablecoin market. The transaction is expected to integrate Mountain’s technology, team, and licensing structure, pending regulatory approval. Anchorage CEO Nathan McCauley stated that this move aims to promote the adoption of institutional stablecoins and enhance security and compliance in the global digital asset ecosystem. (CoinDesk)