Anchorage Digital Cuts 17% of Workforce Amid Expansion

2026-10-06

Crypto bank Anchorage Digital has reportedly laid off 17% of its staff. The reductions occur as the company pursues institutional growth, including stablecoin issuance and a $100 million investment from Tether.

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Crypto bank Anchorage Digital has reportedly laid off 17% of its staff. This reduction occurs as the company expands its institutional services, including stablecoin issuance, and follows a $100 million investment from Tether.

Key facts

Anchorage Digital has reduced its workforce by 17%.
The company is expanding its institutional services, which include stablecoin issuance.
Anchorage Digital recently received a $100 million investment from Tether.
The crypto bank has been focused on serving institutional clients in the cryptocurrency space.

Source: CoinTelegraph

Reported by VERA Newswire.