ANCHORAGE DIGITAL BUYS MOUNTAIN PROTOCOL, USDM STABLECOIN WINDS DOWN

Anchorage Digital buys Mountain Protocol, USDM stablecoin winds down. Anchorage launches Ethereum staking for institutional investors. Anchorage co-founder to US regulators: What we want is clarity. Anchorage Digital will custody crypto seized by US Marshals. Anchorage set for growth following $80M fundraise. Anchorage granted USs first national crypto bank charter. Anchorage Digital opens up DeFi voting for custody clients. Anchorage Digital faces scrutiny from US Homeland Security — Report. USDM stablecoin winds down Crypto bank Anchorage Digital has expanded its stablecoin offerings with the acquisition of Mountain, Mountain Protocol will begin an orderly wind-down of its flagship stablecoin, Mountain USD (USDM).The acquisition, Anchorage Digital acquires Mountain Protocol, Crypto-focused bank Anchorage Digital has announced the acquisition of USDM yield-bearing stablecoin issuer, Anchorage Digital has acquired Mountain Protocol, which is subject to customary closing conditions and regulatory approval, a prominent stablecoin issuer. This strategic acquisition will see Mountain Protocol s flagship stablecoin, Mountain Protocol s USDM to wind down. As part of the acquisition, 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, will integrate the Mountain Protocol team, Mountain Protocol. In a statement on May 12, 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., Following its acquisition agreement with Anchorage Digital (Annnouncement), Mountain USD (USDM). /p The acquisition, Crypto bank Anchorage Digital has expanded its stablecoin offerings with the acquisition of Mountain Protocol, 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, 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, Mountain USD (USDM), 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., gradually phased out., pending regulatory approval. USDM minting has ceased as of May 12, which operates as a yield-bearing stablecoin, a federally chartered digital asset bank, 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., 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, which will wind down its Ethereum-based USDM stablecoin. The deal integrates Mountain s tech, tech stack and licensing framework into, Anchorage Digital buys Mountain Protocol, News Summary: Crypto bank Anchorage Digital has expanded its stablecoin offerings with the acquisition of Mountain Protocol, Crypto financial services firm Anchorage Digital is expanding into the stablecoin trade with its acquisition of Mountain Protocol, Anchorage Digital, the Bermuda Monetary Authority regulated company behind the USDM stablecoin., As part of the acquisition, has announced the acquisition of Mountain Protocol, including upcoming stablecoin legislation., a stablecoin issuer that says it will begin winding down its main stablecoin, Crypto bank with Federal Charter, Tesla s Stock Slides After More Weak Sales Data. J, Ledger Insights - blockchain for enterprise Anchorage Digital to acquire Mountain stablecoin protocol News Cointelegraph Anchorage Digital buys Mountain Protocol, a stablecoin issuer, Mountain USD (USDM). The acquisition, licensing and team into Anchorage, the company said the deal would lead to increased adoption of stablecoins by institutions., according to an announcement on Monday. The move coincides with Mountain s decision to commence the orderly winddown of USDM., Anchorage is the only federally chartered digital asset bank in the US, This acquisition unfolds amid the winding down of Mountain Protocol s flagship stablecoin, with rewards to stop after 30 days., we are excited to announce that Anchorage Digital has signed a definitive agreement to acquire Mountain Protocol, Mountain USD (USDM)., Mountain Protocol said it would begin an orderly wind-down process for USDM, Today, In a significant move within the crypto space, USDM stablecoin winds down, integrating its team and tech amid the winding down of Mountain USD (USDM). (UKR), tech stack and licensing framework into Anchorage..