Tether invests $20M in Argentine neobank Ualá
The equity check is small, but it is the third LatAm deal in three months and follows a Q1 profit of $1.04B; Tether is converting USDT reserve yield into a regional banking footprint while…
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The equity check is small, but it is the third LatAm deal in three months and follows a Q1 profit of $1.04B; Tether is converting USDT reserve yield into a regional banking footprint while…
The investment turns Tether into a strategic backer of Brazil's largest regulated on-chain financial services platform, with 4.5M users and over R$2B in tokenized assets already issued.
The stablecoin that was supposed to displace card networks is now riding them: Tether's USDT will plug into Visa's rails across Brazil, the region's largest card market.
Brazilian savers in Recife now earn Aave yield on USDC, and Mexican and Argentine holders borrow against BTC and ETH without selling — DeFi stops being a niche experiment when the on-ramp stops being…