TLDR
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Tether reportedly invested $20M in Argentina’s Ualá funding round.
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Ualá expands Tether’s growing financial footprint across Latin America.
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Tether also funded Mercado Bitcoin and Argentine crypto platform Belo.
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Stablecoin payments remain central to Tether’s regional growth strategy.
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Enterprise payments and digital banking drive Tether’s latest expansion.
Tether reportedly committed $20 million to Argentine digital bank Ualá during its latest funding round. The move strengthens Tether’s expansion across Latin America’s financial technology sector. Moreover, the reported investment adds another regional platform to its growing stablecoin strategy.
Tether reportedly joins Ualá funding round
Bloomberg reported that the funding formed part of Ualá’s $197 million equity round announced in March. Allianz X led the financing, while Ualá identified Tether as one participating company. However, the company did not disclose the reported $20 million contribution during the original announcement.
The reported commitment expands Tether’s presence beyond cryptocurrency platforms into digital banking services. The company continues building partnerships across financial technology businesses in Latin America. The strategy supports broader access to stablecoin services through established regional financial platforms.
Ualá has expanded its digital banking products across several Latin American markets in recent years. The platform offers payment services, savings products, lending solutions, and investment features through mobile applications. Therefore, the reported partnership could strengthen digital payment options supported by blockchain infrastructure.
Tether expands regional stablecoin strategy
The reported Ualá funding follows another major regional commitment announced earlier this month. Tether invested $20 million in Brazilian cryptocurrency exchange Mercado Bitcoin to expand blockchain infrastructure and tokenized financial services. The funding supports lending products and onchain capital market development across Latin America.
Earlier this year, Tether also led a $14 million Series A funding round for Argentine cryptocurrency platform Belo. Several venture firms joined the financing, including Titan Fund, The Venture City, Mindset Ventures, and G2. The capital supports Belo’s cryptocurrency payment products and broader financial service expansion.
Besides funding technology companies, Tether has promoted practical stablecoin payment use across the region. Reports from Bolivia indicated authorities are evaluating USDT alongside the boliviano and the United States dollar within payment systems. Meanwhile, Banco Unión and Banco FIE already provide services connected to USDT under existing financial offerings.
Enterprise payments become another growth area
Tether has also increased its focus on enterprise payment infrastructure beyond consumer financial services. Last week, the company led a $7 million funding round for Pact Labs. The funding supports USAT stablecoin integration into payroll systems serving large business payment networks.
The company has also expanded stablecoin applications into corporate treasury operations through cross-border payment pilots. Earlier this month, Hyundai Motor America and Hyundai Motor Mexico completed a treasury payment using USDT on Avalanche. The transaction reportedly settled a $20,000 transfer within approximately seven minutes through infrastructure provided by Axiym.
The reported Ualá investment reflects Tether’s broader regional expansion across banking, payments, cryptocurrency platforms, and enterprise financial services. Tether continues extending stablecoin-related infrastructure through partnerships with established financial companies across Latin America. The latest reported funding also strengthens Tether’s long-term strategy of expanding practical blockchain payment solutions throughout the region.
