Tether announced a $100 million strategic equity investment in Anchorage Digital today, Feb. 5. The move is aimed at bolstering secure and regulated financial infrastructure within the cryptocurrency industry, according to a press release from Tether today, Feb. 5.
Anchorage Digital, recognized as the first federally chartered crypto-focused bank in the United States, both fiat banking services as well as crypto custody, staking, and stablecoin issuance, primarily for institutional clients. The bank obtained its charter from the Office of the Comptroller of the Currency (OCC) in 2021, marking a pivotal moment in the regulation of digital assets in the U.S.
Paolo Ardoino, CEO of Tether, emphasized the strategic alignment between Tether and Anchorage. "Our investment in Anchorage Digital reflects a shared belief in the importance of secure, transparent, and resilient financial systems," Ardoino said in a statement.
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