Anchorage Expands Crypto Portfolio With New Acquisition
By: thecoinrise|2025/05/14 02:15:04
0
Share
Anchorage Digital, a reputable digital asset platform and infrastructure provider, has moved into the stablecoin space. The company announced on May 12 that it had acquired Mountain Protocol, known for its stablecoin, Mountain USD (USDM). The company revealed that the deal is part of its broader plan to provide more potent and secure crypto services for large investors. Although the deal’s financial terms were not shared, it shows how traditional finance and crypto are coming together.Mountain Protocol To Shut Down Stablecoin Operations Mountain USD (USDM) was launched in late 2023 and grew quickly, reaching a market value of $155 million by March 2024. However, its value has since dropped to less than $50 million, with only around 10,820 holders left. As part of this deal, Mountain Protocol will wind down USDM trading. The company has stopped creating new tokens and will continue paying rewards for 30 more days. After this deadline, users will no longer earn interest on their tokens. USDM holders can still redeem their tokens on Mountain Protocol or trade them on other platforms.The Anchorage Focus on StablecoinsIn August 2024, Anchorage launched a reward program for institutions holding PayPal’s stablecoin, PYUSD. This latest acquisition shows that the company is increasing its focus on stablecoins and growing its crypto services.Anchorage CEO Nathan McCauley said stablecoins are becoming more functional in the crypto market. He believes more businesses will use them in the future. With this latest move, Anchorage is ready to offer trusted and safe stablecoin services to big clients.This development follows recent regulatory developments that have impacted stablecoins. In late April, the U.S. Securities and Exchange Commission (SEC) closed its investigation into PayPal’s stablecoin, PYUSD. The regulatory agency also chose not to take legal action. This helped improve trust in dollar-backed stablecoins and created a better environment for them to grow.Stablecoins Are Gaining GroundStablecoins are becoming more popular in the financial world and now have a market value of over $200 billion. As more people and companies adopt these asset classes, there is a growing need for secure and regulated digital dollar services.At the same time, Ki Young Ju, CEO of blockchain analytics firm CryptoQuant, recently warned that tighter regulation of crypto assets could lead to increased demand for dark stablecoins. These stablecoins are more complex to track and not fully regulated, which could raise concerns for governments and financial institutions.Nevertheless, Anchorage’s buyout of Mountain Protocol strengthens its position in the stablecoin world. It can now offer more stablecoin services to large investors and businesses. The post Anchorage Expands Crypto Portfolio With New Acquisition appeared first on TheCoinrise.com.
You may also like

What is the connection between Huang Zheng of Pinduoduo and blockchain?
From Pinduoduo's "reverse insurance" to blockchain's smart contracts, this article explains how Huang Zheng's underlying logic uses "certainty" rules to reshape the flow of wealth for ordinary people.

Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...
Overview of Important Market Events on June 15

If the AI bubble has already burst, who will truly remain?
What remains after the AI bubble bursts? The plummeting cost of computing power is driving AI to accelerate the reshaping of various industries. What will be left after the major reshuffle is an irreversible revolution in real productivity.

Paul Graham: How to Make a Billion Dollars
Silicon Valley guru Paul Graham reveals the underlying logic of billion-dollar wealth: no need to cheat, just create products that users love intensely, allowing exponential growth to create wealth miracles.

After 18 years, blockchain has finally started to head towards the main channel
When AI becomes the new center of gravity in the capital market, the response of crypto VCs is not to stick to "Crypto-only," but to repackage crypto as the financial track, ownership layer, and autonomous system infrastructure of the AI era.

Claude enforces "facial recognition for household registration," starting in July, no ID card means no access?
Anthropic has issued an urgent notice that Claude users may face real-name verification in July. From now on, every time you use Claude, you may need to be prepared with your ID.

On the day of SpaceX's IPO, the first real test of the three perpetual mechanisms
The price has been discovered, and the market surrounding the price is still under construction.

Value Distribution of Stablecoins
The issuance layer obtains user funds and takes the largest profit margin; the two middle layers rely on traffic, distribution commissions, and underlying infrastructure; the application layer enjoys convenience but has no bargaining power.

Galaxy Deep Dive: Is the Bitcoin Four-Year Cycle Still Valid?
Galaxy Research believes that the four-year cycle of Bitcoin is still valid, but the amplitude of the cycle is shrinking. This round's peak is milder, which means that even if the pullback continues, the bottom may be higher than the extreme levels of past cycles.

SpaceX IPO, Nvidia, and Bitcoin: Why Traders Are Watching More Than Just Crypto in 2026
Bitcoin recently plunged below $60,000 before rebounding, while SpaceX's historic IPO and Nvidia's continued AI momentum captured traders' attention worldwide. Explore why more crypto traders are looking beyond crypto in 2026 and what this shift means for emerging market opportunities.

The other side of Musk's trillion-dollar fortune: 85% cannot be sold
SpaceX's IPO is a math problem, and the answer is not on the pricing day, but in the first quarter after the lock-up period ends.

The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal
The sudden removal of the two models has caused widespread shock in the tech industry and the AI community.

Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market
The tokenization of financial assets is moving from pilot projects to large-scale implementation, but this is a gradual evolution rather than a fierce revolution.

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?
Tech giants like SpaceX and OpenAI have sparked a $35 trillion super IPO wave. The "suction effect" is not enough to crash the stock and crypto markets, but the test of high valuations is just beginning.

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus
Overview of Important Market Events on June 11

a16z Crypto Partner: Cash flow is the moat
Most companies spend years creating network effects on traditional infrastructure. Crypto founders inherit them as starting conditions.

Cryptocurrency market makers collectively seek change as it becomes increasingly difficult to make money
There is more and more to do.

How TradeXYZ, xStocks, and Alpaca break down the SpaceX IPO into three different strategies
The value of tokenized products ultimately depends on whether the underlying structure is sound, rather than just the price displayed on the interface.
What is the connection between Huang Zheng of Pinduoduo and blockchain?
From Pinduoduo's "reverse insurance" to blockchain's smart contracts, this article explains how Huang Zheng's underlying logic uses "certainty" rules to reshape the flow of wealth for ordinary people.
Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...
Overview of Important Market Events on June 15
If the AI bubble has already burst, who will truly remain?
What remains after the AI bubble bursts? The plummeting cost of computing power is driving AI to accelerate the reshaping of various industries. What will be left after the major reshuffle is an irreversible revolution in real productivity.
Paul Graham: How to Make a Billion Dollars
Silicon Valley guru Paul Graham reveals the underlying logic of billion-dollar wealth: no need to cheat, just create products that users love intensely, allowing exponential growth to create wealth miracles.
After 18 years, blockchain has finally started to head towards the main channel
When AI becomes the new center of gravity in the capital market, the response of crypto VCs is not to stick to "Crypto-only," but to repackage crypto as the financial track, ownership layer, and autonomous system infrastructure of the AI era.
Claude enforces "facial recognition for household registration," starting in July, no ID card means no access?
Anthropic has issued an urgent notice that Claude users may face real-name verification in July. From now on, every time you use Claude, you may need to be prepared with your ID.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
