Tether Invests $20 Million in Brazilian Mercado Bitcoin's On-chain Financial Services Expansion

CoinFeed, July 7 - Tether announced a $20 million investment in the strategic growth funding round of Mercado Bitcoin, a Latin American on-chain financial services platform, to support its expansion in areas such as tokenization, stablecoin payments, credit, on-chain capital markets, and compliant digital financial services. Founded in 2013, Mercado Bitcoin currently has 4.5 million users, has issued over 2 billion Brazilian reais in tokenized assets, and holds more than 10 financial licenses in Brazil and Europe. Tether stated that this investment will further promote the development of on-chain financial infrastructure in Brazil and Latin America, and accelerate the mainstream adoption of stablecoins and asset tokenization.