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Home›Crypto›Market Structure›Tether invests $20 million in Argentine fintech Ualá

Tether invests $20 million in Argentine fintech Ualá

The investment places Tether alongside a $197 million funding round that values Ualá at $3.2 billion.

Reported · Written up by our desk · Market Structure

Tether has invested $20 million in Argentine neobank Ualá, according to The Block.

The investment comes as Ualá reaches a new round of financing, with The Block citing a total $197 million funding round.

That round values the fintech at $3.2 billion, indicating investor backing as the company scales.

Tether’s move also highlights continued ties between major stablecoin issuers and fintech players seeking capital growth.

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Sources

The BlockTether invests $20 million in Ualá as the fintech firm reaches $3.2 billion valuation

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