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Tether backs Anchorage Digital in $100M equity investment

🤖 GG AI Summary

Tether has made a $100 million equity investment in Anchorage Digital, strengthening their existing partnership. This move comes as Anchorage, a federally regulated crypto bank, prepares for a significant capital raise potentially leading to an IPO, indicating positive momentum in the crypto banking sector.

Sentiment: 78% Bullish

The investment extends an existing partnership with Anchorage and comes as the federally regulated crypto bank explores a major capital raise ahead of a potential IPO.

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