Anchorage Digital is one of the most important private crypto companies in America. And now they have a new backer: Tether.
What’s happening:
- Tether has made a $100M USD strategic equity investment into crypto bank Anchorage Digital
Why it matters:
- Anchorage Digital is the first fully federally regulated digital asset bank in the Untied States of America and can provide custody, staking and issue new stablecoins
Going deeper:
- Anchorage Digital has landed some of the most prominent venture capital investors in the world as early backers, including KKR, Goldman Sachs and even Visa (NYSE: V)
- Anchorage Digital and Tether previously partnered on Tether’s new GENIUS Act compliant stablecoin known as USAT which is fully backed by the U.S. dollar and was directly issued by Anchorage Digital
