Tether invests $100 million in Anchorage Digital: "Confident in its growth potential"
Summary
- Tether said it has decided to make a $100 million strategic investment in the U.S. crypto bank Anchorage Digital.
- It explained that the investment reflects a goal of strengthening the two companies’ existing partnership and building secure, regulated infrastructure to support the adoption of next-generation digital assets.
- Tether said it is confident in Anchorage Digital’s growth potential and assessed that it has set the standard for institutional digital-asset infrastructure.
Tether (USDT), the issuer of the dollar stablecoin, has made a major investment in Anchorage Digital, a U.S. crypto bank.
Tether said on the 5th (local time) that it has decided to make a $100 million strategic investment in Anchorage Digital. Tether explained, "This investment reflects a shared goal of strengthening the two companies’ existing partnership and building secure, regulated infrastructure to support the adoption of next-generation digital assets."
Anchorage Digital is the first crypto bank approved by the U.S. federal government. A Tether official said, "This investment is aimed at a broader strategic partnership," adding, "Both Tether and Anchorage Digital are focused on reinforcing core infrastructure needed to ensure digital assets can operate within a safer and clearer regulatory framework."
Tether said it is confident in Anchorage Digital’s growth potential. Paolo Ardoino, Tether’s CEO, said, "Anchorage Digital has set the standard for institutional digital-asset infrastructure," adding, "We are pleased to be able to support Anchorage Digital’s continued growth."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
