MOUNTAIN PROTOCOL TO BE ACQUIRED BY ANCHORAGE DIGITAL

Summary from the TLDR Crypto newsletter

Mountain Protocol, issuer of the USDM stablecoin, has signed an agreement to be acquired by Anchorage Digital, the only federally chartered crypto bank in the U.S. As part of the transition, the minting of USDM was halted yesterday. Existing users will continue to be supported. The acquisition aims to strengthen institutional stablecoin infrastructure.