Tether invests $100 million in U.S.-regulated crypto bank Anchorage
CoinDesk
Tether invested $100 million in Anchorage Digital, the federally regulated bank issuing its USAT stablecoin.Summary
Tether, the issuer of the USDT stablecoin, announced a $100 million investment in Anchorage Digital, a U.S. federally regulated digital asset bank. The two companies already collaborate, as Anchorage provides the banking infrastructure for Tether's USAT stablecoin, which is tailored for the U.S. market to ensure regulatory compliance. This investment secures Tether a position within the growing U.S. stablecoin infrastructure, especially as regulations like the GENIUS Act are enacted. Tether's CEO, Paolo Ardoino, stated the investment reflects a shared commitment to secure and resilient financial systems, contrasting with Tether's traditional focus on offshore and emerging markets with its $185 billion USDT token.
(Source：CoinDesk)