CoinDesk·3 min read·medium
Tether invests $20 million in Argentine neobank Ualá as it expands Latin America push
F
Francisco Rodrigues
✦AI Summary
Tether has invested $20 million into the Argentine neobank Ualá as part of a broader strategy to expand its financial footprint in Latin America. While Tether is a major player in the crypto space, the company clarified that this investment is purely financial and does not currently involve the integration of USDT into Ualá's banking services.
The investment was part of Ualá’s $197 million funding round announced in March, led by Allianz X at a $3.2 billion post-money valuation.
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