Anchorage Digital, a crypto bank started by Diogo Mónica, just got $100 million (about €85 million) from Tether, the company that created the biggest stablecoin. This pushes Anchorage's value to $4.2 billion (€3.6 billion) and marks Tether's first direct investment in the company.
The money will go toward starting Anchorage Digital’s first private share sale for employees. This lets early employees get some cash after almost ten years of building the company. Diogo Mónica said this is a really big event since Anchorage started in 2017.
CEO Nathan McCauley sees the investment as a sign of trust from a major player in the digital asset world. Plus, it’s a way to thank the people who believed in the company from the beginning.
Tether CEO Paolo Ardoino mentioned that the investment shows they both want a safe and open financial system. This deal comes after Tether chose Anchorage Digital to issue its stablecoin in the U.S. five months ago.
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