STEP Report - April 2025

[jason_usdm]

Adding our original post on this:

STEP Committee Recommendations

Mountain Protocol Joins Anchorage Digital We’d like to share an important update with the Arbitrum community: Mountain Protocol has signed a definitive agreement to be acquired by Anchorage Digital, home to the only federally chartered digital asset bank in the US. As part of this transition, we’ve begun an orderly wind-down of USDM. You can find more details in the announcement here. We kindly encourage the Arbitrum Foundation to redeem its USDM holdings through our platform. Starting June …