Tether Invests US$100 Million in Anchorage Digital, Valuing Crypto Bank at US$4.2 Billion
Tether, the issuer of the world’s largest stablecoin USDT (with roughly $185 billion in circulation and dominating ~60% of the stablecoin market), has announced a US$100 million strategic equity investment in Anchorage Digital. The deal, executed through Tether Investments (its El Salvador-based arm), formalizes and deepens an existing partnership between the two firms. Anchorage Digital, …