Stablecoin issuer Tether invests $20 million to expand blockchain financial services in Latin America via Mercado Bitcoin.
Tether will inject $20 million into Mercado Bitcoin, Brazil’s largest cryptocurrency exchange, to accelerate blockchain-based financial services across Latin America. The funding targets payments infrastructure, tokenized assets, lending, and on-chain capital markets expansion.
Mercado Bitcoin serves 4.5 million users and has issued over 2 billion reais ($387 million) in tokenized assets. The platform holds more than 10 licenses in Brazil and Europe, including a central bank payment institution license.
The investment aligns with Tether’s goal to build accessible financial infrastructure, while Mercado Bitcoin aims to scale its trading, lending, and cross-border services.