Digital Currency Company, Anchorage, to purchase Mountain's Stablecoin Procedure
In a significant move, Anchorage Digital, a leading digital asset platform, has announced its acquisition of Mountain Protocol, the issuer of the USDM stablecoin. This acquisition is expected to bolster Anchorage's footprint in the stablecoin sector, as the company continues to make strides in the digital economy.
Anchorage Digital, known for its relationships with major financial institutions such as BlackRock and EDX Markets, has been making waves in the industry. The company's CEO and Co-Founder, Nathan McCauley, recently stated that stablecoins are becoming the backbone of the digital economy.
The acquisition comes at a time when the use of stablecoins is gaining traction. Meta, the tech giant, is reportedly exploring the use of stablecoins for payouts, and beyond crypto applications, stablecoins are starting to play a role as collateral in intraday margin.
Stablecoins, digital assets pegged to a fiat currency, offer the advantages of digital currency while minimising volatility. Recently, a Treasury meeting discussed the advantages of stablecoins offering interest, but the regulatory landscape for interest payments remains unclear.
As of July 2025, the GENIUS Act, the primary U.S. federal legislation governing stablecoins, does not explicitly regulate or permit interest payments to end users. The Act focuses on consumer protection, anti-money laundering compliance, reserve backing, and licensing requirements for issuers. If interest payments are to be offered by stablecoin issuers, they would need to comply with applicable federal and state laws.
In the meantime, Anchorage Digital has launched its own stablecoin rewards program, where holders can earn rewards without their digital currency being lent out. The company aims to help institutions "meet the moment" in the stablecoin sector.
Stripe, another major player, has launched stablecoin accounts for businesses in emerging markets, while the Commodity Futures Trading Commission (CFTC) and the Chicago Mercantile Exchange (CME) have launched pilots for stablecoins as collateral.
Visa, a major backer of Anchorage Digital, has invested in and partnered with stablecoin infrastructure firms, indicating a growing interest in the sector from traditional financial institutions.
The acquisition of Mountain Protocol is subject to regulatory approval. With its expansion into the stablecoin sector, Anchorage Digital is poised to play a significant role in shaping the future of digital finance.
[1] "Stablecoin Regulation: A Comprehensive Analysis", Law360, link [2] "The GENIUS Act: A New Era for Stablecoins", CoinDesk, link [3] "The Impact of the GENIUS Act on Stablecoin Regulation", Forbes, link [4] "Anchorage Digital Acquires Mountain Protocol", Anchorage Digital, link [5] "Stablecoin Regulation under the GENIUS Act: A Closer Look", American Banker, link
- Anchorage Digital, supported by investments from Visa and partnerships with financial institutions like BlackRock, aims to help institutions "meet the moment" in the stablecoin sector, as stablecoins, digital assets pegged to a fiat currency, become the backbone of the digital economy.
- News sources suggest that Meta, the tech giant, is exploring the use of stablecoins for payouts, and traditional financial institutions are showing a growing interest in the sector, as seen in Stripe's launch of stablecoin accounts for businesses in emerging markets and the partnerships between Visa and stablecoin infrastructure firms.
- The acquisition of Mountain Protocol by Anchorage Digital is subject to regulatory approval and is expected to bolster Anchorage's footprint in the stablecoin sector, as the company navigates the regulatory landscape surrounding interest payments, which remains unclear under the primary U.S. federal legislation governing stablecoins, the GENIUS Act.
- As the demand for stablecoins continues to grow, technology underpins projects such as the launch of stablecoin rewards programs by Anchorage Digital, where holders can earn rewards without their digital currency being lent out, and pilots for stablecoins as collateral by the Commodity Futures Trading Commission (CFTC) and the Chicago Mercantile Exchange (CME).
