Anchorage Digital Acquires Mountain Protocol to Expand Stablecoin Services

Anchorage Digital, the sole federally chartered digital asset bank in the U.S., is bolstering its stablecoin offerings with the acquisition of Mountain Protocol, a regulated stablecoin issuer. Announced on May 12, the deal awaits regulatory approval and standard closing conditions.

Financial terms remain undisclosed, but Anchorage plans to integrate Mountain Protocol’s team, technology, and licensing framework. The MOVE highlights a broader trend of consolidation between crypto-native firms and traditional financial institutions.

"Stablecoins are the backbone of the crypto economy," said Anchorage CEO Nathan McCauley, predicting universal adoption for day-to-day transactions. The acquisition signals growing institutional confidence in stablecoins as critical infrastructure for the digital asset ecosystem.