Tether Invests $100 Million in Anchorage Digital, Valuing Crypto Bank at $4.2 Billion
Tether has committed $100 million to Anchorage Digital, the federally chartered digital asset bank, in a deal that underscores the stablecoin issuer's push into regulated U.S. crypto infrastructure. The investment pegs Anchorage's valuation at $4.2 billion.
The partnership deepens ties between the two firms as Tether seeks to operate within established legal frameworks. Anchorage provides institutional-grade custody, staking, and stablecoin services—critical infrastructure for TradFi adoption.
"We are building global infrastructure for freedom," said Tether CEO Paolo Ardoino, framing the investment as strategic positioning rather than mere financial maneuvering. The deal coincides with Anchorage's first employee liquidity event, rewarding long-tenured staff.