Summary
- Anchorage Digital has agreed to acquire Mountain Protocol, the issuer of the stablecoin USDM.
- CEO Nathan McCauley stated that this acquisition is a strategy to strengthen Anchorage Digital's role in the institutional stablecoin ecosystem.
- It was reported that they plan to integrate Mountain's technology, personnel, and licensing structure into Anchorage's operating system.
According to CoinDesk, a cryptocurrency-focused media outlet, on the 12th (local time), cryptocurrency bank Anchorage Digital has agreed to acquire Mountain Protocol, the issuer of the stablecoin USDM.
Nathan McCauley, CEO of Anchorage Digital, stated regarding this, "We decided on this acquisition as a strategy to strengthen Anchorage Digital's role in the institutional stablecoin ecosystem," and "We plan to integrate Mountain's technology, personnel, and licensing structure into Anchorage's operating system."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
