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Project

USAT

Tether's US-dollar stablecoin for the American market, issued through Anchorage Digital Bank, N.A. and separate from the global USDT token.

Known aliases

  • USA₮

Current stories

investConfirmed3 publishers

Tether invests in EFY Finance's seed round; firm says it settles to local accounts in 17 countries

Tether joined the seed round of EFY Finance, which says it settles to local accounts in 17 countries. Tether did not disclose what it paid, how big the round was or at what valuation, so the price of that reach cannot be worked out.

Perspective Coverage

3 publishers
Builder
Builder 28%
Operator
Operator 32%
Investor
Investor 40%

Reality

Evidence30
Adoption20
Hype gap+20
Incentives70
Confidence60
investConfirmed3 publishers

Eight months after a $4.2 billion Tether valuation, Anchorage Digital cuts 17% of its staff

Anchorage Digital is cutting about 17% of staff, an estimated 68 jobs, eight months after Tether's $100 million investment valued it at $4.2 billion. That price covered a roughly 2.4% stake, and Anchorage's own 2023 record points to a cost cut it has reversed before.

Perspective Coverage

3 publishers
Builder
Builder 22%
Operator
Operator 40%
Investor
Investor 38%

Reality

Evidence50
Adoption30
Hype gap+15
Incentives35
Confidence55