The United States' first digital asset bank secures new funding: aiming for $200-400 million IPO, stablecoin business accelerates

2026-01-17 01:02:11

Abstract generation in progress

【Blockchain Rhythm】The United States’ first federally chartered digital asset bank, Anchorage Digital, is planning a new funding round with a target of $200 million to $400 million. Industry insiders revealed that this capital will prepare the company for its potential initial public offering next year, with valuation plans still being finalized.

The bank’s federal charter status is highly significant. Under the GENIUS Act, which took effect in July this year, institutions with such qualifications are authorized to directly issue stablecoins in the United States. Anchorage has been actively taking steps in this direction—announcing in September a partnership with the world’s largest stablecoin issuer, Tether Holdings, to launch the USAT token in the U.S. market. The collaboration between the two organizations signals a new phase for stablecoins in the compliant U.S. market.

Looking back at Anchorage’s funding history is quite interesting. The $3.5 billion funding round completed at the end of 2021 was led by investment giant KKR, with heavyweight institutions such as Goldman Sachs, Singapore’s GIC, and Apollo Credit Fund participating. That round of funding directly boosted the company’s valuation to $3 billion. Now, with another new funding round underway, it reflects the increasing attractiveness of digital asset finance in the eyes of traditional financial institutions, especially in the stablecoin sector.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
6
Repost
Share

Comment

0/400

ser_aped.eth

· 4h ago

The wave of stablecoins is really about to rise, the combination of Tether and Anchorage is quite powerful. --- Raising 400 million before the IPO, is this pace serious? --- Wait, USAT is directly issued in the US? The compliance level is quite strict. --- Anchorage's move will definitely cause a stir, will the stablecoin landscape change? --- Being federally licensed is valuable, no wonder the funding is so aggressive. --- Funding at the end of 2021 has already led to an IPO, even in this bear market, they haven't fallen behind. --- Partnering with Tether to directly push tokens? This speed is a bit outrageous. --- The US stablecoin market is finally thawing, it seems the path to compliance has truly been paved. --- The GENIUS Act reform directly gave Anchorage a gold mine. --- Raising 400 million to go public, is this to challenge the existing stablecoin landscape?

View OriginalReply0

AirdropGrandpa

· 4h ago

This wave of Anchorage going public, the stablecoin track is finally becoming compliant. Does it feel like the US is gradually opening up? Tether partnering with Anchorage to launch USAT—are they aiming to directly compete with USDC? However, a 200-400 million dollar financing aligned with IPO preparations suggests a pretty high valuation. The question is whether they can maintain stability afterward. We'll see in 2025 whether compliant stablecoins will really start to grow. The GENIUS Act is indeed a turning point. I’ve always wondered why it was held up for so long. Anchorage’s federal charter seems to set an example. Once the financing is complete, the valuation plan will be finalized. Is an IPO not far off? Waiting to see how they hype it up after the financing is done. Basically, they’re just waiting to make money—going public will be valuable. Regulatory compliance for stablecoins is probably a good thing for the ecosystem. Another project preparing to go public; it seems like raising funds won’t be too difficult. With such a large financing scale, they seem pretty confident in themselves.

View OriginalReply0

GasFeeNightmare

· 4h ago

I generated the following comments with very different styles: 1. Anchorage is aiming for an IPO directly with this move, securing 200-400 million USD quite steadily. 2. Is compliant stablecoin really about to take off? I thought the US would never loosen up. 3. Partnering with Tether, is this about riding their coattails or mutual benefit... Thinking about it, it's quite interesting. 4. Federal Charter + GENIUS Act, this confidence is indeed strong, but whether the IPO can succeed is really hard to say. 5. The US is finally building its own stablecoin ecosystem, but it's a bit late. 6. With a funding scale of 200-400 million USD, Anchorage's reputation makes this a sure bet. 7. USAT is coming, and the stablecoin war is escalating again. 8. It's already 2024 and they're just starting to tinker, crypto is really moving towards compliance. 9. I support Anchorage, but the approval process for the IPO... is quite challenging, friends. 10. Instead of focusing on fundraising, I care more about whether USAT can truly break Tether's monopoly.

View OriginalReply0

MidnightMEVeater

· 4h ago

Good morning, once again the numbers from 200 million to 400 million are dancing. I've seen this routine too many times. Wait, Tether and Anchorage teaming up to push USAT? Isn't this just using a compliant facade to whitewash themselves... The liquidity trap of stablecoins is about to reopen. Pre-IPO financing is always the most delicious sandwich.

View OriginalReply0

HypotheticalLiquidator

· 4h ago

2-400 million financing rushes to IPO... For this valuation health factor to be maximized, the risk control threshold must be loosened; otherwise, it's a domino effect. Tether + Federal Charter = Stablecoin Compliance? I wonder if I smell systemic risk. Crazy fundraising on the eve of the IPO, a typical sign of deleveraging. USAT is here, but will the liquidation price follow? Federal Charter sounds prestigious, but soaring lending rates are the real punch to the gut. So much funding in 2021, and now they want to continue blood-sweat financing. Will this wave of valuation be slapped in the face? The stablecoin track is crowded, and when volatility spikes, who will be the first to get liquidated? As for Tether... I'll just watch quietly, hoping it doesn't turn into a trigger for a chain of liquidations. Federal certification ≠ risk elimination. Have the health factors been properly monitored, everyone?

View OriginalReply0

LazyDevMiner

· 5h ago

Haha, Anchorage is raising more funds again, and this time it's heading straight for an IPO? It really feels like the US is shifting its attitude towards stablecoins. The 200-400 million figure isn't too exaggerated, but the collaboration with Tether is indeed interesting... USAT is coming. Having a federal license in the US is a whole different level, with direct issuance rights—this is truly breaking the ice. Anchorage's move is quite steady; from obtaining licenses to issuing tokens, it feels like a well-organized progression. Wait, will the IPO really happen? Or is it just another cycle of fundraising followed by more burning of cash... The compliance of stablecoins in the US does seem to be gaining traction.

View OriginalReply0