Anchorage Digital cuts 17% of staff

Anchorage Digital, the first federally chartered U.S. digital-asset bank, has laid off 17% of its workforce, CEO Nathan McCauley told employees. The company provides crypto custody and issues stablecoins, including Tether's USAT.

• Anchorage Digital cut 17% of its staff
• It is the first federally chartered U.S. digital-asset bank
• Anchorage issues Tether's USAT stablecoin
• CEO Nathan McCauley announced the layoffs