TechFlow News, July 07, according to an announcement on Tether's official website, Tether announced the completion of a $20 million strategic investment in Latin America's leading on-chain financial service platform, Mercado Bitcoin.
Founded in 2013, Mercado Bitcoin currently serves 4.5 million users, has issued over 2 billion reais in tokenized assets, holds over 10 regulatory licenses in Brazil and Europe, and its business covers multiple fields including exchanges, tokenized investment products, credit and lending, stablecoin payments, banking infrastructure, and cross-border financial services.
Funds from this financing round will be used to expand payment infrastructure, scale up tokenized investment products, enhance credit capabilities, advance on-chain capital market construction, and continue to drive international expansion.
