$4.2B crypto bank Anchorage Digital cuts 17% of workforce: Report
The reported cuts come as Anchorage expands its institutional footprint, including stablecoin issuance and a $100 million investment from Tether.
Watchlist
Published in the last two hours. A tracked entity is involved.
The reported cuts come as Anchorage expands its institutional footprint, including stablecoin issuance and a $100 million investment from Tether.
Why this matters
Tether is showing up inside the Stablecoins theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on CointelegraphRelated market context
Congress weighs letting banks hold crypto, issue stablecoins
The proposal could accelerate institutional crypto adoption, potentially stabilizing digital asset markets and influencing Bitcoin...
US targets $17 billion Russia-linked crypto payment network using USDT as an escape route
The US sanctioned the Russia-linked A7 Network and proposed new restrictions to cut its crypto intermediaries off from global mark...
Fiserv Puts Stablecoin Banking Platform Live With North Dakota Roughrider Coin
TL;DR Fiserv says its digital-asset platform is now live with financial-institution clients. Bank of North Dakota’s dollar-backed...
Tether brings USDT back to Bitcoin with private transfers and swaps
Tether's USDT return to Bitcoin could reduce reliance on wrapped tokens, enhancing privacy and potentially reshaping crypto financ...
Tether's USDT is 'coming home' to Bitcoin this month over a decade after debut there
A Tether-backed project, Utexo, plans to support private USDT transfers, direct swaps between BTC and USDT and loans backed by BTC...
Congressional Research Service report flags shaky ground for banks dealing in Bitcoin
The report highlights regulatory instability for banks in crypto, urging Congress to establish clear, consistent guidelines to ens...