Anchorage Digital, M0 Partner to Issue Stablecoins

Crypto bank Anchorage Digital has announced a partnership with stablecoin minting protocol M0 in order to expand its stablecoin issuance offerings.

The first federally chartered crypto bank, Anchorage Digital, is seeking to become the primary source serving what it calls the “growing universe of stablecoin builders” as they look to mint and manage regulated stablecoins.

The offering comes at a time when more and more fintechs, financial institutions, and payment providers are using digital dollars in their core products. Western Union, for example, recently launched its own stablecoin, USDPT.

With stablecoins now regulated in the U.S. under the GENIUS Act, companies interested in issuing stablecoins face stringent compliance requirements. A boom in cross-border payment solutions is only one reason companies are embracing stablecoins.

M0 will provide the design and interoperability tools to create stablecoins that are natively compatible within a broad ecosystem. Anchorage Digital will provide regulatory oversight as well as issuing, custodying, and managing the reserves for new stablecoins.

“The partnership combines M0’s infrastructure capabilities with Anchorage’s regulated issuance experience to serve a market that is expanding in both scale and diversity,” Anchorage said in a statement.

At the same time, Anchorage said, fintechs, payment platforms, and application developers are “increasingly embedding digital dollars directly into their product, bringing new demand for regulated issuance infrastructure that is built for how they operate.”