Tether invests $100 million in Anchorage Digital to support digital asset infrastructure

Tether has made a $100 million equity investment in Anchorage Digital, the first federally regulated digital asset bank in the United States, in a deal the companies say signals a shared commitment to expanding secure infrastructure for institutional crypto services.

In a statement, Tether said the investment reflects its belief that Anchorage Digital plays a key role in integrating digital assets into mainstream financial systems and aligns with its broader strategic priorities around infrastructure and regulation.

Anchorage Digital Bank, N.A. provides services such as staking, custody, governance, settlement and stablecoin issuance to global institutions and developers.

Tether said its decision was informed by first-hand experience using Anchorage Digital’s compliance, custody and banking infrastructure.

“Tether exists to challenge the status quo and build global infrastructure for freedom,” said Paolo Ardoino, chief executive of Tether.

Nathan McCauley, co-founder and chief executive of Anchorage Digital, said, “Tether’s investment is a strong validation of the infrastructure we’ve spent years building the hard way.”

Anchorage Digital Bank, N.A. is the issuer of USA₮, the stablecoin branded by Anchorage.