Tether has invested $20 million in Mercado Bitcoin, a Brazilian crypto trading venue that has expanded into regulated financial offerings.
Mercado Bitcoin now serves over 4.5 million users and has issued more than 2 billion Brazilian reais (about $370 million) in tokenized assets under nearly a dozen licenses in Brazil and Europe.
The investment is intended to back Mercado Bitcoin's expansion into tokenized assets, lending, and stablecoin payments across Latin America.
Tether's CEO, Paolo Ardoino, said Mercado Bitcoin has established a comprehensive platform by combining licensing, tokenization capabilities, and integrated financial services.