Lowenstein Sandler is representing Anchorage Digital in a definitive agreement to acquire Mountain Protocol, the Bermuda Monetary Authority regulated company behind the USDM stablecoin.
The acquisition, which is subject to customary closing conditions and regulatory approval, intends to leverage Mountain Protocol's team, technology, and licensing framework to expand Anchorage Digital's stablecoin capabilities. The deal supports the company's long term goal to foster stablecoin adoption and meet rising demand from both traditional and crypto-native institutions.
Mountain Protocol, backed by Multicoin Capital with a recent $8 million Series A, is the company behind USDM—a multi-chain stablecoin fully backed by U.S. Treasuries.
The Lowenstein team includes Abraham J. Kwon, Brendan J. Koeth, Megan Monson, Kristin V. Taylor, Taryn E. Cannataro, Yuan Tian, and Noah R. Crousore.