Tether Makes $100 Million Equity Investment in Anchorage Digital

Tether announced a $100 million strategic equity investment in Anchorage Digital, formalizing a deeper financial relationship between the stablecoin issuer and the federally regulated digital asset bank.

Anchorage Digital Bank N.A. is the first federally chartered digital asset bank in the United States and provides custody, staking, governance, settlement, and stablecoin issuance services to institutional clients. 

The company operates under the oversight of the Office of the Comptroller of the Currency (OCC) and serves asset managers, corporations, and public-sector entities.

Tether said the investment reflects its assessment of Anchorage Digital’s role in providing regulated infrastructure for institutional digital asset activity.

The transaction represents an equity stake and does not change Anchorage Digital’s regulatory status or operational control, according to the announcement.

The two companies already maintain an operational relationship. Anchorage Digital Bank acts as the issuer of USA₮, a regulated U.S. stablecoin distinct from USDT, and provides banking, custody, and compliance infrastructure used by Tether in certain regulated contexts. 

Tether stated that its experience operating within Anchorage Digital’s framework contributed to the decision to make an equity investment.

The investment comes as stablecoin issuers and digital asset firms face increasing regulatory scrutiny in the United States and internationally, particularly around reserves, custody, governance, and compliance standards. 

Partnerships with regulated financial institutions have become more prominent as firms seek to operate within existing legal frameworks.

Tether said the investment aligns with its broader strategy of working with regulated counterparties as digital assets are integrated into traditional financial systems. 

The company did not disclose whether the investment includes board representation, governance rights, or additional commercial agreements beyond the equity stake.

“Tether exists to challenge the status quo and build global infrastructure for freedom,” said Paolo Ardoino, CEO of Tether. 

“Our investment in Anchorage Digital reflects a shared belief in the importance of secure, transparent, and resilient financial systems. Anchorage Digital has set a strong benchmark for institutional digital asset infrastructure, and we are pleased to support its continued growth.”

Anchorage Digital said the investment supports its ongoing efforts to build regulated infrastructure for digital asset markets, including stablecoin issuance and institutional custody.

“Tether’s investment is a strong validation of the infrastructure we’ve spent years building the hard way,” said Nathan McCauley, co-founder and CEO of Anchorage Digital. 

“We’ve believed from day one that digital assets would only scale through secure, regulated foundations. This alliance reflects shared conviction in that approach—and gives us even more momentum as we continue building critical financial infrastructure for stablecoin issuance and the next era of markets.”

Neither company disclosed a valuation for Anchorage Digital in connection with the investment, nor provided a timeline for how the capital will be deployed. 

The firms said the partnership is intended to support the continued development of regulated, institutional-grade digital asset infrastructure as adoption expands.