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Anchorage Digital to acquire Mountain Protocol

Anchorage Digital announced on May 12, 2025, its intention to purchase Mountain Protocol, a company regulated in Bermuda that issues the USDM stablecoin.
The acquisition follows Anchorage's goal to expand stablecoin offerings and reflects growing institutional demand amid evolving U.S. Regulatory clarity.
Mountain Protocol will wind down its interest-bearing USDM stablecoin, ceasing minting on May 12 while allowing holders to redeem or swap tokens during a 30-day reward phase.
By March 2024, USDM's market valuation had surged to $155 million with more than 10,800 holders, while Anchorage CEO Nathan McCauley emphasized that stablecoins are becoming integral to the digital economy.
The acquisition aims to integrate Mountain Protocol’s team and technology to support institutional stablecoin adoption, advancing regulatory compliance and new use cases in digital assets.

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The Royal Gazette

Center

Anchorage Digital to acquire Mountain Protocol

Global crypto platform, Anchorage Digital, has signed a definitive agreement to acquire Mountain Protocol, the Bermuda Monetary Authority-regulated company behind the USDM stablecoin. The acquisition,...

2 days ago

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Coin Desk

Center

Anchorage Digital will acquire Mountain Protocol, issuer of USDM, in a stablecoin expansion strategy.

The acquisition aims to strengthen the role of Anchorage Digital in the institutional ecosystem of stable currencies, said Executive Director McCauley.

2 days ago·Manila, Philippines

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Blockhead

Anchorage Digital Acquires Mountain Protocol to Boost Institutional Stablecoin Adoption

Anchorage Digital, a leading digital asset platform for institutions, has announced a definitive agreement to acquire Mountain Protocol, the company behind the USDM stablecoin. Very happy to welcome the excellent Mountain team. Anchorage is built on the belief that blockchain will be the rails of the future, and stables are the first large unlock in that journey. https://t.co/n83DU24vWk— Boaz Avital ⚓ (@bx) May 12, 2025 In a statement on Monday,…

5 hours ago

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Bitcoin Insider

The Pulse: Crypto Risk Review

Update: Update: IntoTheBlock has officially become Sentora! Following our merger with Trident Digital, we’re set to build the next phase of institutional DeFi.

21 hours ago

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criptomania.com

Anchorage Digital acquires Mountain Protocol and closes USDM - Cryptomania

Anchorage Digital acquires Mountain Protocol and closes the USDM In a strategic movement, Anchorage Digital has acquired Mountain Protocol, thus culminating with the USDM stablecoin.This fact marks a new chapter in the world of cryptocurrencies, showing the continued interest in the expansion and consolidation of the stablecoins market.The acquisition and its impact on the market The acquisition of Mountain Protocol by Anchorage Digital marks an…

21 hours ago

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The Defiant

Anchorage Digital to Acquire Mountain Protocol, Pending Regulatory Approval, Adding USDM Yield-Bearing Stablecoin

Anchorage Digital, a federally chartered crypto bank and custodian, has signed a definitive agreement to acquire Mountain Protocol, the issuer of the yield-bearing USDM stablecoin. The acquisition is pending regulatory approval.Anchorage plans to integrate Mountain Protocol's technology, team, and licensing structure into its operations. Mountain Protocol, regulated by the Bermuda Monetary Authority, issues USDM, a stablecoin backed by short-ter…

21 hours ago

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