Tether has completed a $100 million strategic equity investment in Anchorage Digital, formalizing and expanding an existing partnership between the stablecoin issuer and the federally chartered US crypto bank. The investment was made through Tether Investments, the company’s El Salvador-based investment arm, according to a statement released Thursday.
The deal builds on prior collaboration between the firms, including Anchorage’s role in issuing USAt, a dollar-pegged stablecoin launched in January and designed to operate under the US federal payment stablecoin framework established by the GENIUS Act. Anchorage Digital, founded in 2017, provides custody, settlement, staking, and stablecoin issuance services to institutional clients.
The investment comes as Anchorage Digital is reported to be exploring a capital raise of $200 million to $400 million ahead of a potential initial public offering next year. For Tether, the move reflects continued deployment of capital following strong profitability and growing involvement across banking, payments, and digital asset infrastructure.
