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Tether invests $20 million in Mercado Bitcoin to support on-chain financial infrastructure in Latin America.
BlockBeats News, July 7 — Tether announced a $20 million investment in the strategic growth funding round of Latin American on-chain financial services platform Mercado Bitcoin, to support its expansion in tokenization, payments, credit, capital markets, and regulated digital financial services.
Founded in 2013, Mercado Bitcoin initially operated as a digital asset trading platform and has since evolved into a comprehensive on-chain financial platform covering trading infrastructure, tokenized investment products, credit and lending, stablecoin payments, banking infrastructure, and cross-border financial services. The company currently serves 4.5 million users, has issued over 2 billion Brazilian reais in tokenized assets, and holds more than 10 licenses in Brazil and Europe.