Tether invests $20 million strategic funds in Mercado Bitcoin to accelerate Latin American on-chain financial infrastructure development
Odaily reported that stablecoin issuer Tether has announced a $20 million investment in the strategic funding round of Latin American on-chain financial services platform Mercado Bitcoin, supporting its development in asset tokenization, payments, credit, capital markets, and compliant digital financial services.
Founded in 2013, Mercado Bitcoin has evolved from a digital asset trading platform into a comprehensive on-chain financial infrastructure platform, covering trading services, tokenized investment products, lending, stablecoin payments, banking infrastructure, and cross-border financial services. The funding will primarily be used to expand payment infrastructure, scale tokenized products for institutional and retail investors, develop credit business, advance on-chain capital market construction, seek strategic cooperation opportunities, and drive international expansion.
