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@ tzongocu
2025-05-13 03:31:28
📰 News Alert...
🔖 Title: Anchorage Digital Expands Horizons with Acquisition of Mountain Protocol
🗓️ Published: 2025-05-12T15:00:00-04:00
📄 Summary: Anchorage Digital, the only federally chartered digital asset bank in the U.S., has announced the acquisition of Mountain Protocol, a stablecoin issuer. This strategic move aims to enhance Anchorage's stablecoin offerings as Mountain Protocol winds down its primary stablecoin, Mountain USD (USDM). As the demand for stablecoin services continues to grow, Anchorage CEO Nathan McCauley emphasized that stablecoins are becoming essential in the crypto economy, with every business likely to integrate them into their operations. Mountain Protocol will cease minting USDM and initiate an orderly wind-down process, signaling significant shifts within the crypto industry as firms increasingly partner to adapt to evolving market needs.
🔗 [Read More](https://cointelegraph.com/news/anchorage-digital-acquires-stablecoin-issuer-mountain-protocol?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)
🗞️ Source: Cointelegraph by Brayden Lindrea
💓 #CryptoAcquisition #Stablecoins #DigitalBanking