fintech / news / / Bloomberg
Tether Holdings SA invested $100 million in Anchorage Digital Bank NA.
Tether Holdings invested $100 million in Anchorage Digital Bank NA.
KEY POINTS
- Anchorage Digital Bank's valuation increased to $4.2 billion after the investment.
- Tether and Anchorage Digital have an existing partnership involving the new USAT stablecoin.
- USAT stablecoin was issued by Anchorage Digital to support Tether's US market re-entry.
COMPANIES
Summarized by Newsio from Bloomberg. How we summarize →