Tether Makes $100 Million Investment in U.S.-Regulated Crypto Bank Anchorage
Anchorage Digital, the firm behind Tether's USAT stablecoin, has received a significant investment from Tether.
Tether, one of the leading stablecoin issuers, has announced a substantial investment of $100 million in Anchorage Digital, a U.S.-regulated crypto bank.
This investment solidifies the partnership between Tether and Anchorage, with Anchorage Digital being the issuer of Tether's USAT stablecoin, specifically designed for the U.S. market.
With this investment, Tether aims to strengthen its presence in the U.S. market and further enhance the infrastructure for its stablecoin offerings.
The move highlights Tether's commitment to regulatory compliance and innovation in the cryptocurrency space.
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