Tether investment in Latin America: $20M on a bank that can’t use USDT
Covered by 2 sources · 2 articles
2 outlets - including Crypto-economy and Cryptonomist - are covering this story. TL;DR Tether invested $20 million in Ualá, the Argentine neobank with over 11 million customers in Argentina, Mexico, and Colombia. The investment is part of a $197 million funding round led by Allianz X, which valued Ualá at $3.2 billion p…
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Ualá Secures $20M From Tether, Marking Another Strategic Move in Tether’s Latin America Growth Plan
TL;DR Tether invested $20 million in Ualá, the Argentine neobank with over 11 million customers in Argentina, Mexico, and Colombia. The investment is part of a $197 million funding round led by Allianz X, which valued Ualá at $3.2 billion p…
Tether investment in Latin America: $20M on a bank that can’t use USDT
Tether’s latest move in Latin America looks, on the surface, like a straightforward fintech bet. But dig a little deeper and a more complicated story emerges — one about a stablecoin giant planting flags in markets where its own product can…