Anchorage Digital to Acquire USDM Issuer Mountain Protocol in Stablecoin Expansion Move

Anchorage Digital, a federally chartered crypto bank and custodian, said on Monday it has signed a definitive agreement to acquire stablecoin issuer Mountain Protocol as part of its strategy to deepen support for institutional stablecoin use.Anchorage said it plans to fold the Mountain’s technology, team and licensing structure into its own operations, pending closing procedures and regulatory sign-off."Stablecoins are becoming the backbone of the digital economy," Nathan McCauley, co-founder and CEO of Anchorage, said in an statement. "With recent regulatory progress and new institutional use cases, our long-term vision is clear: every business will be a stablecoin business source: https://www.coindesk.com/business/2025/05/12/anchorage-digital-to-acquire-usdm-issuer-mountain-protocol-in-stablecoin-expansion-move