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Tether has made a $100 million strategic equity investment in Anchorage Digital, formalizing an existing relationship between the stablecoin issuer and the federally regulated US crypto bank.
According to a post by Tether on Thursday, the investment builds on the companies’ prior collaboration, which includes Anchorage Digital’s role as the issuer of USAt, which launched on Jan. 27.
USAt is a dollar–pegged stablecoin designed to operate in the United States under the federal payment stablecoin…
