StoryFunding
Tether invests $100M in Anchorage Digital, the bank that issues USAT
Tether announced a $100 million strategic equity investment in Anchorage Digital Bank, the federally chartered bank that issues USAT, Tether's US dollar-backed stablecoin. The investment builds on an existing partnership and underscores both companies' focus on regulated, institutional-grade infrastructure for digital assets.
- Tether's equity investment reflects confidence in Anchorage's compliance and custody capabilities.
- The deal expands their existing partnership where Tether operates within Anchorage's regulated banking and custody framework.
- Both firms emphasize secure, transparent financial systems as core to digital asset adoption.