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Anchorage Digital is the organization responsible for issuing Tether’s USAT stablecoin, tailored for the U.S. market.
Tether CEO Paolo Ardoino (Modified by CoinDesk)
What to know:
- Tether has allocated $100 million into Anchorage Digital, a federally regulated U.S. digital asset bank, to enhance its presence in the stablecoin ecosystem.
- Anchorage, which possesses a national banking charter, will broaden its custody, staking, settlement, and stablecoin issuance offerings for institutional clients, including services for Tether products.
- This agreement fortifies Tether’s position in the U.S. stablecoin infrastructure as regulations progress under the GENIUS Act, signifying a shift from its previous emphasis on offshore users and emerging markets.
Tether, the entity behind the largest stablecoin USDT, has confirmed an investment of $100 million in Anchorage Digital, a federally regulated digital asset bank.
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Anchorage, which has a national banking charter in the U.S., provides custody, staking, settlement, and stablecoin issuance services to institutional clients.
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The two firms already had an established relationship, with Anchorage acting as the banking partner for Tether’s USAT stablecoin, which is specifically designed for the U.S. market to adhere to local regulations.
This investment provides Tether with a foothold in the rapidly expanding U.S. stablecoin infrastructure, which is gravitating towards regulated entities following the enactment of the GENIUS Act last year. Tether, based and regulated in El Salvador, has traditionally concentrated on offshore users and emerging markets with its $185 billion USDT token.
"Tether’s mission is to challenge the conventional approach and create global infrastructure for freedom," stated Paolo Ardoino, CEO of Tether. "Our investment in Anchorage Digital embodies a mutual understanding of the significance of secure, transparent, and resilient financial systems."
