Anchorage Invests in Stablecoins with Mountain Protocol Acquisition

Digital asset platform and infrastructure provider, Anchorage Digital, has bolstered its portfolio by acquiring Mountain Protocol, a company known for its stablecoin, Mountain USD (USDM). This move signals Anchorage’s focus on expanding services for large investors entering the crypto market. The acquisition aligns with Anchorage’s efforts to provide more secure and robust crypto services. Although financial terms of the deal remain undisclosed, this step reflects the growing convergence between traditional finance and cryptocurrency.