Anchorage Digital to Acquire Mountain Protocol to Accelerate Institutional Adoption of Stablecoins
.webp)
Stablecoins are fueling the next era of global finance—with low-cost, 24/7 value transfers expanding access to the financial system. As stablecoin adoption accelerates and U.S. regulatory clarity takes shape, Anchorage Digital is expanding so institutions can meet the moment.
Today, we are excited to announce that Anchorage Digital has signed a definitive agreement to acquire Mountain Protocol, the Bermuda Monetary Authority regulated company behind the USDM stablecoin. The acquisition—which is subject to customary closing conditions and regulatory approval—will integrate the Mountain Protocol team, technology, and licensing framework into Anchorage Digital to expand Anchorage Digital’s stablecoin capabilities.
“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, CEO and Co-Founder of Anchorage Digital
From our stablecoin rewards program to our role as a launch partner in the Global Dollar Network, Anchorage Digital has been at the forefront of advancing institutional participation in the stablecoin ecosystem. This acquisition is a leap forward in our long-term strategy to support stablecoin adoption and meet rising demand from both traditional and crypto-native institutions.
Mountain Protocol, backed by Multicoin Capital with a recent $8 million Series A, is the company behind USDM—a multi-chain stablecoin fully backed by U.S. Treasuries. With a seasoned team and proven infrastructure, they will be foundational in growing our stablecoin capabilities, and enhancing our ability to support new institutional use cases.
If you would like to learn more about accessing stablecoins through Anchorage Digital, please get in touch.
Press Contacts
Anchorage Digital: press@anchorage.com
About Anchorage Digital
Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital New York, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
.webp)
.png)
.webp)
