🚫 Anchorage shuts down stablecoin USDM

Anchorage Digital is acquiring Mountain Protocol, the issuer of the Mountain USD (USDM) stablecoin.

⚖️ The stablecoin will remain operational for another 30 days, after which the project will be shut down.

Anchorage is discontinuing the coin as it focuses on developing corporate stablecoins, such as PayPal USD.