Tether Invests $20M in Mercado Bitcoin for LatAm Expansion
Tether invested $20 million in Mercado Bitcoin's growth round to expand on-chain payments, tokenized products, lending, and capital markets across Latin America. The move comes as USDT faces increasing regulatory restrictions in Europe, highlighting Tether's strategic focus on emerging markets.
Detected & updated continuously · Source: Ruma
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Tether announced a $20 million investment in Mercado Bitcoin's growth round to expand on-chain payments, tokenized products, lending, and capital markets in Latin America. Mercado Bitcoin operates as a regulated Brazilian platform with 4.5 million users, over R$2 billion in https://t.co/2YkWoJqZNR
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#Tether backs #Brazil's #Mercado Bitcoin while #USDT faces growing restrictions in Europe https://t.co/U1KgxUUZF5