POPA ReconTether invests $20M into Ualá
Tether invests $20M into Ualá Stablecoin giant Tether reportedly invested $20M in the Argentine neobank Ualá, as part of its broader push in Latin America. The investment formed part of a $197M equity funding round announced by Ualá in March and led by Allianz X, according to Bloomberg. Ualá disclosed Tether as a participant in the round at the time but did not reveal the size of its investment. Earlier in July, Tether announced a $20M investment in Brazilian crypto exchange Mercado Bitcoin to support the expansion of its onchain infrastructure across Latin America. 🔗 coindesk.com/business…
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