Tether has made a $100 million strategic equity investment in Anchorage Digital, extending an existing partnership as the federally regulated crypto bank explores a major capital raise ahead of a potential IPO.
The investment formalises a prior collaboration that includes Anchorage’s role in issuing USAt, a dollar-pegged stablecoin launched in January under the US federal payment stablecoin framework.
USAt is designed to operate within the regulatory regime created by the GENIUS Act in July 2025, positioning it as a compliant stablecoin for the US market.
Anchorage Digital, founded in 2017, is the first federally chartered digital asset bank in the US and provides custody, settlement, staking and stablecoin issuance services to institutional clients.
The investment was made by Tether Investments and comes as Anchorage Digital reportedly considers raising between $200 million and $400 million ahead of a potential initial public offering next year.
Tether, the issuer of USDt, the world’s largest stablecoin, reported more than $10 billion in net profit for 2025, highlighting the financial firepower behind its recent investments.
“Tether has invested in more than 120 companies using its own profits,”
Said chief executive, Paolo Ardoino in July, as the company also continued to build its Bitcoin reserves toward more than 96,000 BTC.
At the time of reporting, Bitcoin price was $64,213.30.