Anchorage Digital acquisition stablecoin issuer Mountain Protocol

Gate.io News bot message, the digital asset custody platform Anchorage Digital officially announced the acquisition of the issuer of the yield-bearing stablecoin USDM, Mountain Protocol. According to CoinDesk, this acquisition plan includes the integration of Mountain's technical infrastructure, core team, and existing licensing framework.

Nathan McCauley, CEO of Anchorage Digital, stated: "This move aims to promote institutional stablecoin adoption and enhance security and compliance within the global digital asset ecosystem."

The acquisition transaction is currently awaiting approval from the relevant regulatory authorities.

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