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According to a report by Bloomberg, Crypto-World.com reported that Tether has invested $20 million in Argentina’s digital bank Ualá. This investment falls under Ualá’s $197 million funding round announced in March this year; after the funding, the company’s valuation reached $3.2 billion. Ualá plans to use the funds to drive business growth in Argentina, Mexico, and Colombia and expand its financial services, with Mexico becoming a key expansion market. Ualá founder and CEO Pierpaolo Barbieri said that due to local regulatory constraints, the company has no plans to integrate USDT in the near term, and Tether is only participating as a financial investor. Ualá currently has about 11 million customers across Latin America, and its Argentina operations are expected to return to break-even within the next one to two months.