Stablecoin issuer Tether has made a $100 million strategic equity investment in U.S. federally regulated digital asset bank Anchorage Digital, The Block reported on Feb. 5. Anchorage Digital was valued at $4.2 billion in the deal.
Tether stressed that the investment is not simply a financial transaction but part of a long-term partnership to strengthen digital asset infrastructure. Anchorage Digital provides a range of digital financial services, including staking, custody, governance, payments and stablecoin issuance, and is the only federally regulated digital asset bank in the United States.
The investment comes after Tether issued a regulated U.S. stablecoin, USAT, using Anchorage Digital's banking, compliance and custody infrastructure. USAT was launched under the stablecoin bill known as the GENIUS Act passed by the U.S. Congress last year.
Tether CEO Paolo Ardoino (파올로 아르도이노) said, "Tether exists to innovate the existing financial system and build global financial infrastructure." He added, "This investment reflects the two companies' shared vision of building a safe, transparent and resilient financial system."
Chi-gyu Hwang
delight@d-today.co.kr