Tether
The transaction formalizes an existing cooperation and adds a capital link between the two companies.
Anchorage Digital operates as a US-based digital asset bank with a federal charter. The company was founded in 2017 and is headquartered in San Francisco.
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It was the first crypto-focused bank in the United States to receive federal approval. Its services target institutional clients and include asset custody, transaction settlement, staking support, and stablecoin issuance.
The relationship between the two firms predates the investment. Anchorage Digital serves as the issuer of USAT, a dollar-backed stablecoin that entered circulation on January 27.
The token is designed for use within the United States and follows the federal payment stablecoin framework introduced under the GENIUS Act in July 2025. That framework sets legal and operational rules for dollar-pegged digital currencies operating at the national level.
The investment was completed through Tether Investments, the company’s investment arm based in El Salvador.
Anchorage Digital has recently been reported to explore a separate fundraising effort in the range of $200 million to $400 million. That potential raise is linked to early preparations for a possible initial public offering expected next year.
Recently, Tether launched an open-source operating system for Bitcoin
