In a move to deepen its collaboration with Anchorage Digital, Tether has announced a substantial $100 million equity investment in the federally regulated crypto bank. This strategic investment underscores the existing partnership between Tether, the prominent stablecoin issuer, and Anchorage Digital, which is exploring significant capital raising in anticipation of a potential IPO.
The announcement, made by Tether on Thursday, highlights the strengthening ties between the two companies. Anchorage Digital, known for issuing the USAt stablecoin, which is pegged to the dollar, operates within the U.S. federal payment framework established under the GENIUS Act in July 2025. Founded in 2017 in San Francisco, Anchorage Digital Bank holds the distinction of being the first federally chartered digital asset bank in the United States, offering a range of services including custody, settlement, staking, and stablecoin issuance to institutional clients.
The funding was facilitated through Tether Investments, an El Salvador-based arm of the company. This move comes as Anchorage Digital is reportedly seeking to raise between $200 million and $400 million ahead of a potential stock market debut next year.
Tether, the issuer behind the leading stablecoin USDt (USDT), boasts a market capitalization of approximately $185 billion, commanding around 60% of the overall stablecoin market. Recent data from DefiLlama corroborates these figures.
This investment follows Tether's recent financial disclosures, where it reported over $10 billion in net profit for 2025 and excess reserves of $6.3 billion. These results illustrate Tether's formidable financial position, enabling it to pursue various acquisitions and investments.
Tether's CEO, Paolo Ardoino, revealed in July that the company had already invested in over 120 firms using its profits, with plans for further expansion. In line with this strategy, Tether made a notable investment in Ledn, a Bitcoin-backed consumer loan platform, and considered a significant investment in German robotics company Neura.
Furthermore, in December, Tether spearheaded an $8 million investment round in Speed, a Bitcoin payments company focused on facilitating enterprise stablecoin transactions via the Lightning Network. Tether has also been bolstering its Bitcoin reserves, with recent additions bringing its holdings to over 96,000 BTC.
Although Tether remains a privately held entity, its substantial Bitcoin holdings would position it as the second-largest corporate Bitcoin holder if publicly listed, according to BitcoinTreasuries.NET data.