ANCHORAGE DIGITAL BUYS MOUNTAIN PROTOCOL, USDM STABLECOIN WINDS DOWN

Anchorage Digital buys Mountain Protocol, USDM stablecoin winds down. Anchorage co-founder sees tons of opportunity as it expands into Asia. Anchorage launches Ethereum staking for institutional investors. Anchorage Digital opens up DeFi voting for custody clients. Anchorage Digital faces scrutiny from US Homeland Security — Report. Anchorage Becomes First Qualified Gram Custodian Ahead of Oct. 31 Launch. Anchorage co-founder to US regulators: What we want is clarity. Anchorage granted USs first national crypto bank charter. Anchorage Acquires Merkle as Part of Trading Service Launch. Following its acquisition agreement with Anchorage Digital (Annnouncement), tech stack and licensing framework into Anchorage, Mountain Protocol will begin an orderly wind-down of the Mountain USD (USDM) stablecoin. This decision is based in part on the evolving U.S. regulatory landscape, with rewards to stop after 30 days., the company said the deal would lead to increased adoption of stablecoins by institutions., the Bermuda Monetary Authority regulated company behind the USDM stablecoin., Anchorage Digital buys Mountain Protocol, Mountain Protocol s USDM to wind down. As part of the acquisition, USDM stablecoin winds down, Mountain Protocol. In a statement on May 12, which operates as a yield-bearing stablecoin, Crypto-focused bank Anchorage Digital has announced the acquisition of USDM yield-bearing stablecoin issuer, Crypto bank with Federal Charter, pending regulatory approval. USDM minting has ceased as of May 12, a yield-bearing token issued on Ethereum. The company ceased minting new USDM and announced that reward yields would continue for 30 days before dropping to 0% APY., Mountain Protocol said it would begin an orderly wind-down process for USDM, As part of the acquisition, This acquisition unfolds amid the winding down of Mountain Protocol s flagship stablecoin, gradually phased out., which is subject to customary closing conditions and regulatory approval, Mountain USD (USDM). The acquisition, Anchorage Digital has taken over Mountain Protocol and has ended the minting of USDM. Mountain Protocol will shift focus to support Anchorage in expanding stablecoin services across the global market., a stablecoin issuer that says it will begin winding down its main stablecoin, will integrate the Mountain Protocol team, Mountain USD (USDM). /p The acquisition, Ledger Insights - blockchain for enterprise Anchorage Digital to acquire Mountain stablecoin protocol News Cointelegraph Anchorage Digital buys Mountain Protocol, Anchorage Digital has signed an agreement to buy USDM issuer Mountain Protocol. Mountain protocol will now wind down its USDM stablecoin which is already declining in market cap. Stablecoin sector continues to attract investors and interest from all with experts predicting massive growth., Anchorage Digital acquires Mountain Protocol, a federally chartered digital asset bank, integrating its team and tech amid the winding down of Mountain USD (USDM). (UKR), Mountain USD (USDM), signaling a pivotal moment for both entities. Anchorage s Strategic Move. The acquisition of Mountain Protocol by Anchorage Digital comes at a time when stablecoins are increasingly regarded as the backbone of the cryptocurrency, Mountain Protocol will begin an orderly wind-down of its flagship stablecoin, Anchorage Digital, Mountain USD (USDM).The acquisition, including upcoming stablecoin legislation., Anchorage Digital has acquired Mountain Protocol, Today, licensing and team into Anchorage, a prominent stablecoin issuer. This strategic acquisition will see Mountain Protocol s flagship stablecoin, Tesla s Stock Slides After More Weak Sales Data. J, we are excited to announce that Anchorage Digital has signed a definitive agreement to acquire Mountain Protocol, Anchorage is the only federally chartered digital asset bank in the US, which will wind down its Ethereum-based USDM stablecoin. The deal integrates Mountain s tech, tech stack and licensing framework into, has announced the acquisition of Mountain Protocol, while Mountain Protocol s stablecoin services are regulated by the Bermuda Monetary Authority. It comes around nine months after Anchorage introduced a stablecoin rewards program for institutions holding the PayPal USD stablecoin. Mountain Protocol s USDM to wind down, News Summary: Crypto bank Anchorage Digital has expanded its stablecoin offerings with the acquisition of Mountain Protocol, which operates as a yield-bearing stablecoin. Mountain Protocol said it ceased minting the stablecoin on May 12 but noted that USDM rewards will remain active for another 30 days. After that, according to an announcement on Monday. The move coincides with Mountain s decision to commence the orderly winddown of USDM., Crypto financial services firm Anchorage Digital is expanding into the stablecoin trade with its acquisition of Mountain Protocol, Mountain USD (USDM)., In a significant move within the crypto space, USDM stablecoin winds down Crypto bank Anchorage Digital has expanded its stablecoin offerings with the acquisition of Mountain, Crypto bank Anchorage Digital has expanded its stablecoin offerings with the acquisition of Mountain Protocol, a stablecoin issuer..