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Tether invests in Mercado Bitcoin to expand blockchain finance in Latin America

Stablecoin issuer Tether has invested $20 million in Brazilian cryptocurrency platform Mercado Bitcoin. Mercado Bitcoin plans to use the funds to expand blockchain-based financial services across Latin America, including tokenised finance, stablecoin payments and lending. The company said it has more than 4.5 million users and has issued more than 2 billion Brazilian reais in tokenised assets, about $370 million. Tether issues USDT worth $184 billion and posted about $1.04 billion in net profit in the first quarter of 2026.