Anchorage Digital Valued at $4.2 Billion Following Funding from Tether, Provides Liquidity for Insiders

Anchorage Digital, the first federally chartered digital-asset bank, has reached a $4.2 billion valuation following a $100 million investment from stablecoin issuer Tether. According to a note from the firm, the investment coincides with Tether enlisting Anchorage to issue a new US dollar stablecoin, USA₮.... Read More