Anchorage Digital to acquire Mountain Protocol.

Anchorage Digital, a digital asset platform, agreed to acquire Mountain Protocol, the issuer of USDM, the first permissionless regulated yield-bearing stablecoin. Financial terms were not disclosed. “Stablecoins are becoming the backbone of the digital economy. With recent regulatory progress and new institutional use cases, our long-term vision is clear: every business will be a stablecoin business. By acquiring Mountain Protocol, we are taking a significant step forward in supporting institutional stablecoin adoption and advancing a new era of safety, security, and regulatory compliance in the global digital asset ecosystem,” Nathan McCauley, Anchorage Digital CEO and Co-Founder.