Tether backs Anchorage Digital in $100M equity investment
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The investment extends an existing partnership with Anchorage and comes as the federally regulated crypto bank explores a major capital raise ahead of a potential IPO.
Tether has made a $100 million strategic equity investment in Anchorage Digital, formalizing an existing relationship between the stablecoin issuer and the federally regulated US crypto bank.
According to a post by Tether on Thursday, the investment builds on the companies’ prior collaboration, which includes Anchorage Digital’s role as the issuer of USAt, which launched on Jan. 27.
USAt is dollar–pegged stablecoin designed to operate in the United States under the federal payment stablecoin framework established by the GENIUS Act in July 2025.
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