What to know:
- Tether has invested $100 million in Anchorage Digital, a federally regulated U.S. digital asset bank, to deepen its role in the stablecoin ecosystem.
- Anchorage, which holds a national banking charter, will expand its custody, staking, settlement and stablecoin issuance services for institutional clients, including support for Tether products.
- The deal strengthens Tether’s foothold in U.S. stablecoin infrastructure as regulation advances under the GENIUS Act, marking a shift from its traditional focus on offshore users and emerging markets.
Tether, the company behind the world’s largest stablecoin USDT said it has invested $100 million in Anchorage Digital, a federally regulated digital asset bank.
The investment valued the bank at $4.2 billion, Anchorage said in a press release shared with CoinDesk. The company said it will allow employees to sell equity at the same valuation through its first-ever tender offer.
