Anchorage Digital reportedly laid off approximately 17% of its workforce, valuing it at US$4.2 billion

Odaily Planet Daily News Anchorage Digital, an American digital asset bank, is reported to have laid off about 17% of its employees. The company was valued at $4.2 billion earlier this year; if the global headcount remains at about 400 people in February this year, the layoffs will involve about 68 positions. CEO Nathan McCauley informed employees of the layoffs this week.

Anchorage Digital has expanded its regulated encryption business and launched stablecoin issuance in recent years, including participating in Tether’s newly launched U.S. dollar stablecoin USAT. The company also received a $100 million strategic investment from Tether earlier this year. (Cointelegraph)