Anchorage Digital, the only federally chartered crypto bank in the US, is more than doubling its stablecoin team over the next year. This expansion is driven by a strategic partnership with Tether to launch a new, US-regulated stablecoin called USA₮.

This development is significant as it brings the world's largest stablecoin issuer, Tether, directly into the US regulatory framework through a federally chartered institution. Under the partnership, Anchorage Digital will act as the bank issuer for USA₮, manage its reserves, and oversee all compliance procedures, setting a new precedent for regulated digital dollars.

The hiring surge and partnership reflect Anchorage's broader strategy to become the go-to institutional platform for stablecoin issuance. This move not only prepares for the USA₮ launch but also aims to service a growing pipeline of companies looking to launch their own regulated stablecoins, responding to emerging digital asset legislation.

This collaboration signals a maturation in the stablecoin market, where major players are increasingly prioritizing regulatory compliance and banking integration to ensure long-term viability and growth in the US.