Anchorage Digital has reduced its workforce by 17% as part of a strategic move to streamline operations. This decision comes amid the company's efforts to broaden its institutional presence, including initiatives in stablecoin issuance, according to CoinTelegraph.
The crypto custodian has also secured a $100 million investment from Tether, signaling strong backing for its growth ambitions. Anchorage Digital’s assets under custody currently stand at $4.2 billion, highlighting its significant role in the crypto infrastructure space.
For Japanese investors, Anchorage’s expansion and restructuring reflect broader trends in the crypto market where institutional-grade services and stablecoin projects are gaining momentum, potentially influencing local FX and equities markets linked to digital assets.