Tether Makes $100M Equity Investment in Anchorage Digital

Cointelegraph reports that Tether has made a $100 million strategic equity investment in Anchorage Digital, formalizing an existing relationship between the stablecoin issuer and the federally regulated US crypto bank. The investment was made by Tether Investments, the stablecoin issuer’s El Salvador–based investment arm.

The deal builds on prior collaboration, including Anchorage Digital’s role as the issuer of USAt, which launched on Jan. 27. USAt is a dollar–pegged stablecoin designed to operate in the United States under the federal payment stablecoin framework established by the GENIUS Act in July 2025.

Anchorage Digital Bank, founded in 2017 in San Francisco, is the first federally chartered digital asset bank in the United States and provides custody, settlement, staking and stablecoin issuance services to institutional clients. Anchorage was reported to be exploring a capital raise of $200 million to $400 million ahead of a potential initial public offering next year.

United States, San Francisco