Tether Invests $20M in Mercado Bitcoin to Expand Brazil Operations
The post Tether Invests $20M in Mercado Bitcoin to Expand Brazil Operations appeared on BitcoinEthereumNews.com. Tether backed Mercado Bitcoin with fresh funding to expand payments, lending and tokenized investments. Mercado Bitcoin serves 4.5 million users and has issued more than R$2 billion in tokenized assets. The deal reflects growing interest in Brazil’s regulated digital asset and blockchain finance market. Tether has invested $20 million in a funding round for Brazilian crypto platform Mercado Bitcoin, marking its latest investment in Latin America’s growing digital asset market. The companies announced the investment on July 7, saying the funding will help Mercado Bitcoin expand payments, lending, tokenized investments and capital markets as demand for blockchain-based financial services grows across the region. Mercado Bitcoin confirmed separately that the funding round raised R$100 million through its parent company, 2TM. The investment comes as Brazil continues to streng