- I-Tether itshala imali eyizigidi eziyi-100 zamaRandi ku-Anchorage Digital, ibhange lezimpahla zedijithali lase-US elilawulwa uhulumeni.
- Lesi sivumelwano siqinisa ubudlelwano babo obukhona mayelana ne-USAT, i-stablecoin ene-dollar-pegged eyenzelwe imakethe yase-US.
- I-Anchorage inikeza izinsizakalo zezikhungo ezifana nokugcinwa kwezimali, ukubekwa esitokisini, ukukhokhelwa kanye nokukhishwa kwe-stablecoin ngaphansi komthethosisekelo webhange kazwelonke.
- Lesi sinyathelo sihambisana nomzamo omkhulu we-Tether wokwakha ingqalasizinda ye-stablecoin elawulwayo necacile e-United States.
I-Tether iveze ukutshalwa kwezimali okusha kwe-equity okungamaRandi ayizigidi eziyi-100 e-Anchorage Digital, ukuqinisa ubudlelwano obusheshe bube ngenye yezinsika ezibalulekile zengqalasizinda ye-stablecoin egxile e-US. Lesi sivumelwano sixhumanisa inkampani enkulu kunazo zonke emhlabeni ekhipha i-stablecoin nelinye lamabhange ambalwa e-digital asset alawulwa uhulumeni e-United States.
Esikhundleni sokubhekwa njengomjikelezo wokuxhasa ngemali okhangayo, ukuthengiselana kwenzelwe ukuqinisa izibopho zokusebenza kanye nezomthetho phakathi kwalezi zinkampani ezimbili, ikakhulukazi ngesikhathi sokuqaliswa kwe-USAT, uhlamvu lwemali oluqinile olunezikhonkwane zamadola olwakhiwe kusukela phansi ukuze luhambisane nemithetho kahulumeni wase-US.
Isabelo sikaTether esingu-$100 million ebhange le-crypto elilawulwa nguhulumeni
I-Tether, ekhipha i-USDT stablecoin, iqinisekisile ukuthi inikeze imali eyizigidi eziyi-100 zamaRandi ku-Anchorage Digital., ibhange lezimpahla zedijithali elinendlunkulu e-United States futhi elisebenza ngaphansi komthethosisekelo webhange kazwelonke. I-Anchorage iqondiswa ezingeni likahulumeni futhi igxile kumakhasimende ezikhungo adinga ukugcinwa okuphephile kanye nokukhokhelwa kwezimpahla ze-crypto.
I-Anchorage Digital Bank, eyasungulwa eSan Francisco ngo-2017, kwakuyisikhungo sokuqala sempahla yedijithali ukuthola ilayisensi yasebhange kahulumeni ezweni. Eminyakeni edlule, yakhe ibhizinisi elizungeze izinsizakalo ezifana nokugcinwa kwezikhungo, ukubekwa kwe-crypto, ukubamba iqhaza kokubusa, ukuxazululwa kokuhweba kanye nokukhishwa kwama-stablecoins kumakhasimende amakhulu.
Ngokusho kolwazi olwabiwe mayelana nalesi sivumelwano, ukufakwa kwezigidi eziyi-100 zamaRandi kwenziwe nge-Tether Investments, uphiko lokutshalwa kwezimali lwe-Tether oluse-El Salvador. Le yunithi iphatha iphothifoliyo ekhulayo yenkampani yokubheja okuneqhinga kulo lonke izwe le-crypto, i-fintech kanye nobuchwepheshe obusafufusa.
Lokhu kuthengiselana kuza ngemuva kwemibiko yokuthi I-Anchorage ibilokhu ihlola umjikelezo ohlukile wokuqoqa imali kusukela ku-$200 million kuya ku-$400 million ngaphambi kokunikezwa kokuqala komphakathi okuhloswe ngonyaka ozayo. Nakuba lezo zinhlelo zisalokhu zilawulwa abaphathi be-Anchorage kanye nezimo zemakethe zesikhathi esizayo, ukubamba iqhaza kwe-Tether kwethulwa njengendlela yokuqinisa isikhundla sebhange ngaphambi kwanoma yikuphi ukunyakaza okungenzeka kwemakethe yomphakathi.
Ababukeli bemakethe baphawula ukuthi imali entsha iphakamisa inani le-Anchorage laya cishe ku-$4.2 billion, kugcizelela ukuthi ingqalasizinda yempahla yedijithali elawulwayo iqhubeka kanjani nokuheha inzalo ngisho noma izimakethe ze-crypto zijikeleza ngezikhathi zokuguquguquka.
I-Anchorage njengenjini ngemuva kwe-USAT, i-stablecoin kaTether egxile e-US
Esikhathini eside ngaphambi kokuba kumenyezelwe lokhu kutshalwa kwezimali, I-Tether ne-Anchorage base bevele besebenzisana ku-USAT, i-stablecoin entsha ene-USD eqondiswe ngqo emakethe yase-US. I-USAT yakhelwe njengethokheni eqondiswe ekukhokheni yokusetshenziswa kwasekhaya, enomklamo ohlose ukwanelisa izidingo eziqinile zikahulumeni.
I-stablecoin yakhiwe ngaphansi kohlaka olwethulwe yi- Umthetho we-GENIUS, umthetho kahulumeni owaphasiswa maphakathi no-2025 eyabeka imithetho ecacile yama-stablecoins okukhokha e-United States. Ngaphansi kwalowo mbuso, i-USAT ihlose ukunikeza izikhungo namabhizinisi indlela yokuphatha ama-on-chain dollar ngezinga eliphakeme lokucaca kokulawula kunamathokheni amaningi akudala ajabulelayo.
Indima ka-Anchorage kulo modeli ibalulekile. Ibhange lisebenza njengomlingani okhiphayo kanye nomhlinzeki oyinhloko wengqalasizinda ye-USAT, ukuphatha izinto ezibalulekile njengokugcinwa kwezimali ezigciniwe, ukugeleza kokukhishwa kanye nokuhlengwa, kanye nezindlela zezikhungo ezisekela abasebenzisi bezinkampani kanye nomkhakha wezezimali.
Ngokuthatha isikhundla sokulingana ngqo e-Anchorage, I-Tether iphinda kabili inciphise isisekelo esilawulwa yi-US sesistimu yayo ebanzi ye-stablecoinLe nkampani, ebilokhu igxile ezimakethe zaphesheya kwezilwandle kanye nakwezomnotho osafufusa nge-USDT, manje isithola indawo eqinile endaweni elawulwa yi-US ngomlingani ohlala ngaphakathi kohlaka lwebhange olukhona.
Ku-Anchorage, inhlangano idlula ubudlelwano beklayenti obuvamile. Ukuba ne-Tether njengomnikazi wamasheya ochwepheshe kusiza ukuvumelanisa izikhuthazo mayelana nokuthuthukiswa komkhiqizo, ukuma kokuthobela imithetho kanye nokuhlelwa kwengqalasizinda yesikhathi eside yama-stablecoins kanye nezinye izimpahla ezithokeniwe.
Indawo ngaphakathi kwendawo ye-stablecoin yase-US eshintshayo
Esinye sezici ezingabonakali kangako kodwa ezibalulekile zesivumelwano ukuthi iqinisa indima ye-Tether emakethe ye-stablecoin yase-US ekhetha kakhulu abadlali abalawulwayoKusukela kwavunywa uMthetho we-GENIUS, abenzi bezinqubomgomo bebelokhu becindezela umsebenzi we-stablecoin ezinhlanganweni ezisebenza ngaphansi kokuqondisa kukahulumeni.
Umkhiqizo oyinhloko we-Tether, i-USDT, usasetshenziswa kakhulu ngaphandle kwe-United States nasezimakethe ezisathuthuka, lapho Isidingo sezinto ezixhunywe yidola siphezulu futhi izindlela zokukhokha zasebhange zendawo zivame ukulinganiselwaUkunikezwa kwethokheni okujikelezayo kufinyelele cishe ku-$185 billion, okunikeza iTether isabelo semakethe esiseduze no-60% wazo zonke izinhlamvu zemali ezizinzile, ngokusekelwe kubasebenzisi bokulandelela abahlukahlukene bemboni.
Kodwa-ke, njengoba i-US yakha uhlelo olusemthethweni kakhulu lwamathokheni ane-dollar, I-Tether ikhetha ukusebenza ngomlingani olawulwayo kunokuzama ukufaka kabusha i-USDT kuzo zonke izindawoI-USAT iba ithuluzi elizinikele emakethe yaseMelika, kuyilapho i-Anchorage inikeza isimo sebhange kanye nesikhombimsebenzisi sokulawula esidingekayo ukuze sisebenze kahle ngaphansi komthetho wase-US.
Le ndlela ibuye ifane nezinyathelo zezinye izinkampani ezivelele ze-crypto. Izinkampani ezifana ne-Circle ne-Ripple zithole imvume enemibandela kusukela eHhovisi Lomlawuli Wezimali ukuze kudalwe amabhange e-trust kazwelonke, kuhloswe ukuqashelwa okufanayo kombuso. I-Anchorage, eyathola leso simo ngaphambilini, manje isiyindawo yokubhekisela yokuthi izinhlangano ezinjalo zingabambisana kanjani nabakhiphi abakhulu bamathokheni.
Kubasebenzisi bezikhungo, inhlanganisela ye-liquidity ye-Tether kanye ne-charter yasebhange i-Anchorage kungasiza ekunciphiseni igebe phakathi kwezimali zendabuko kanye nezimpahla zedijithaliIzinkampani, abaphathi bezimpahla kanye nabasebenzi bezezimali abadinga kokubili induduzo yokulawula kanye nokuxazululwa kwezinkinga ezikhona ngaphakathi kwenethiwekhi bangathola ukuthi lolu hlobo kulula ukulusebenzisa kunezinhlelo zaphesheya kwezilwandle kuphela.
Amandla okutshalwa kwezimali kaTether kanye nesu elibanzi
Ikhono lokunikeza umlingani oyedwa oqondisayo amaRandi ayizigidi eziyi-100 lihlobene kakhulu Inzuzo enkulu ye-Tether eminyakeni embalwa edluleLe nkampani ibike inzuzo engenayo edlula amaRandi ayizigidi eziyizinkulungwane eziyi-10 ngo-2025 kuphela, kanye nemali egciniwe engaphezu kwamaRandi ayizigidi eziyizinkulungwane eziyi-6.3, ngokusho kwemibhalo yayo yakamuva yobufakazi.
Lezo zibalo ziqokomisa ubukhulu bebhalansi ngemuva kwe-USDT kanye siza ukuchaza ukuthi kungani iTether ibilokhu yakha iphothifoliyo yokutshalwa kwezimali ehlukahlukene. Isikhulu esiphezulu uPaolo Ardoino ukhulume ngaphambilini ukuthi inkampani isebenzise imali ezinkampanini ezingaphezu kuka-120, isebenzisa inzuzo kunokusebenzisa imali yangaphandle njengomthombo oyinhloko walokho kutshalwa kwezimali.
Amadili akamuva ahlanganise izindawo ezifana ukubolekisa okusekelwe yi-crypto, ubuchwepheshe bokukhokha obugxile kwi-Bitcoin kanye namarobhothiPhakathi kwezinyathelo ezimenyezelwe, iTether ithathe isabelo epulatifomu yokuboleka imali yeBitcoin, yasekela inkampani entsha yokukhokha esekelwe kwiLightning Network ehlose ukuthengiselana kwe-stablecoin, futhi kubikwa ukuthi ihlole ukutshalwa kwezimali okukhulu enkampanini yamarobhothi yaseJalimane.
Kanye nalezi zindlela zokulingana, I-Tether ibilokhu yandisa buthule i-Bitcoin holdings yayoEkuqaleni kwalonyaka, inkampani iveze ukuthi ingeze ama-BTC angu-8,888 ngasekupheleni kuka-2025, okwenza inani layo lonke libe ngaphezu kwama-bitcoin angu-96,000. Ukube i-Tether yayiyinkampani yomphakathi, lelo nani belizoyibeka phakathi kwabanikazi bezinkampani ezinkulu ze-BTC emhlabeni jikelele.
Lezi zenzo zibonisa iphethini: inkampani isebenzisa inzuzo yayo ukuthola ulwazi ngengqalasizinda ye-crypto eyinhloko kanye nobuchwepheshe obuseduze., ngesikhathi esifanayo kuqinisa izinqolobane kanye nezindlela ezisekela i-stablecoin yayo eyinhloko.
Lokho okushiwo yisivumelwano sase-Anchorage mayelana nomthethonqubo, ubungozi kanye nesakhiwo semakethe
Emazwaneni omphakathi mayelana nokutshalwa kwezimali, Ubuholi bukaTether bugcizelele izihloko zokuphepha, ukucaca kanye nokuqinaUPaolo Ardoino uchaze umgomo wenkampani njengophonsela inselelo ukuhleleka kwezezimali okukhona ngenkathi ezama ukwakha ingqalasizinda yomhlaba wonke esekela inkululeko enkulu yezomnotho.
Abaphathi be-Anchorage, bona, baveze ubudlelwano njengokuqinisekiswa kwe- isinyathelo sokuqala esilawulwayo ibhange elisithathile selokhu lasungulwaLesi sikhungo siphinde saphikisana ngokuthi izimpahla zedijithali zizofinyelela izinga elijwayelekile kuphela uma zihlala phezu kwezisekelo eziqinile neziqondisiwe ezihlangabezana nokulindelwe ngabalawuli namakomidi ezingozi zezikhungo.
Ngokombono wesakhiwo semakethe, lolu hlelo lubonisa indlela abakhiphi be-stablecoin kanye namabhange alawulwayo abangahlukanisa ngayo imisebenziI-Tether igxile ekusabalaliseni, ekuphathweni kwemali kanye nokuxhumana kwemakethe yomhlaba wonke, kuyilapho i-Anchorage igxile ekusebenzeni ngaphakathi kwezinhlaka zokuphatha zase-US kanye nokugcina ingqalasizinda ephephile nehambisanayo.
Leso sigaba singasebenza futhi njengesibonelo sezinye izimpahla ezithokheniwe. Njengoba imikhiqizo eminingi yezezimali iqhubeka—kusukela ezindlini zomcebo kuya kumathokheni empahla angempela—ukubambisana phakathi kwabakhiphi kanye namabhange alawulwayo angaba yindlela ejwayelekile yokuhlanganisa ukusungula izinto ezintsha kanye nenduduzo yokulawula.
Ngesikhathi esifanayo, lesi sinyathelo cishe sizodonsela ukunaka kwabenzi benqubomgomo nabagxeki abaqhubeka nokuhlola ukubaluleka kwesistimu yezimali ezinkulu ezizinzile kanye nemikhuba yazo yokuphathaNjengoba umkhondo we-Tether usabalala ogwini lolwandle, futhi nge-Anchorage ne-USAT, ungena emikhawulweni yemithetho yase-US, imibuzo ephathelene nokuqapha, ukudalulwa kanye nokuphathwa kwezingozi cishe ngeke iphele.
Sekukonke, utshalomali olungamaRandi ayizigidi eziyi-100 luhlanganisa izitayela eziningana ezakha isikhala sempahla yedijithali: ukushintshela kwama-stablecoin kuya kwingqalasizinda elawulwayo, ukwanda kwamabhange e-crypto aqashwe uhulumeni kanye nokusetshenziswa kwama-balance sheet aqinile ukuze kuqinisekiswe isisekelo samasu ezingxenyeni ezibalulekile zemakethe. Indlela i-Tether ne-Anchorage ezisebenza ngayo kulolu hlelo izobhekwa eduze yizikhungo, abalawuli kanye nabancintisani ngokufanayo.
