Tether Allocates $100 Million to Anchorage, a U.S. Crypto Bank

Tether makes a strategic investment of $100 million in Anchorage Digital, a regulated crypto bank, supporting the launch of its USAT stablecoin.

Tether has taken a significant step by investing $100 million in Anchorage Digital, a cryptocurrency bank operating under U.S. regulations. This financial commitment aims to bolster the launch of Tether's USAT stablecoin, which is tailored specifically for the United States market.

Anchorage Digital plays a pivotal role as the issuer of the USAT stablecoin, providing a compliant and secure platform for cryptocurrency transactions. Tether's investment underscores its confidence in Anchorage's capabilities and the growing importance of regulated crypto banking solutions.