The stablecoin giant announced that this investment will support Mercado Bitcoin’s expansion efforts in payment infrastructure, tokenized investment offerings, lending and credit, and on-chain capital markets. The move follows several capital injections by the company for several Latam-focused initiatives.
Key Takeaways
Tether invested $20M in Mercado Bitcoin, accelerating the expansion of Latam on-chain payment infrastructure.Mercado Bitcoin will deploy the capital to build tokenized assets, securing a wider footprint across Latam.Brazil is advancing stablecoin regulations, providing clear rules that attract global institutional funds.Latam markets and the companies regulated to serve them are attracting the attention of global companies seeking to establish an institutional foothold in the region.
The company, which has over 4.5 million customers and operates in Brazil and Europe, was qualified by Tether as “one of the most comprehensive regulated on-chain financial platforms in Latin America,” and is part of a series of similar investments in payments and infrastructure companies that Tether is backing in the region.
Paolo Ardoino, CEO of Tether, explained that both companies were striving to build a more “open, accessible and efficient financial infrastructure for the world.”
“Mercado Bitcoin has built exactly that, a regulated, full-stack on-chain financial platform serving millions of users across one of the world’s most dynamic financial markets.. We look forward to supporting Mercado Bitcoin’s next phase of growth as a strategic partner and investor,” he declared.
