Anchorage Digital Raises $100M from Tether at $4.2B Valuation

Anchorage Digital, operator of the federally chartered Anchorage Digital Bank N.A., raised $100 million in funding from Tether, the world's largest stablecoin issuer, at a $4.2 billion valuation. The investment strengthens Anchorage's position as a key piece of regulated crypto banking infrastructure in the US. Anchorage Digital Bank N.A. supports stablecoin issuance and institutional digital asset custody, making it a critical infrastructure provider for the evolving crypto-financial ecosystem.

Tether's strategic investment signals its desire to deepen ties with regulated US banking entities. The deal reflects broader trends of institutional migration to digital asset infrastructure and the growing convergence of stablecoins with traditional banking rails. Financial terms were disclosed, with the $4.2 billion valuation marking Anchorage as one of the most valuable crypto-native banking platforms.

The round was among the top five fintech funding events in February 2026.