Anchorage Digital has reportedly reduced its workforce by 17%, even as the federally chartered digital-asset bank expands its stablecoin and institutional custody businesses.
CEO Nathan McCauley informed employees of the reductions during the past week, people familiar with the decision told The Information. Anchorage had approximately 400 employees when McCauley testified before Congress in February, which would place the reduction near 68 positions if staffing had remained unchanged.
Cointelegraph sought confirmation from Anchorage’s public-relations representative but had not received a response when its report was published. No public filing or company statement identified the affected divisions, severance terms or exact headcount. ct.com
Anchorage remains an important regulated institution. It received a national trust charter in 2021, supports Tether’s U.S. stablecoin infrastructure and received a $100 million strategic investment from Tether earlier in 2026.
TOKEN RECON ASSESSMENT
The reported reduction is notable because it is occurring alongside product expansion and fresh strategic capital. It may reflect pressure on operating costs, a reallocation toward specific business lines, or weaker demand in parts of institutional crypto. The present evidence does not establish which explanation applies.
An Anchorage statement, updated headcount or disclosure of the affected units would determine whether this is a defensive contraction or a targeted reorganization.
