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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
07/16/2026

Tether Invests $20M in Argentine Neobank Ualá, Joins $197M Round

What happened: Tether has invested $20 million in Ualá, an Argentine neobank with over 11 million users across Latin America, as part of a $197 million funding round led by Allianz X.

Tether Invests $20M in Argentine Neobank Ualá, Joins $197M Round

What happened: Tether has invested $20 million in Ualá, an Argentine neobank with over 11 million users across Latin America, as part of a $197 million funding round led by Allianz X. The round, originally announced in March, values Ualá at $3.2 billion. Tether’s participation was disclosed this week, with the company emphasizing its role as a financial investor due to regulatory constraints on stablecoin integration in the region.

Why it matters: The investment signals Tether’s continued push into Latin America’s fintech sector, following previous deals with Belo, Adecoagro, and Mercado Bitcoin. While Ualá’s current regulatory environment precludes direct USDT integration, Tether’s growing presence in the region could lay the groundwork for future stablecoin adoption as local rules evolve.

Source: The Block