Tether has reportedly invested $20 million in a $197 million funding round by Argentine neobank Uala.
Cointelegraph reported on Wednesday that Uala disclosed Tether’s participation when it announced the funding round in March but did not reveal the amount.
The funding round was led by Allianz X. Bloomberg reported that Tether’s investment was $20 million.
Tether is also expanding investments in Latin America. It said earlier this month it would invest $20 million in Brazilian cryptocurrency exchange Mercado Bitcoin.
In April, it led a $14 million Series A funding round for Argentine cryptocurrency platform Belo.
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Chi-gyu Hwang
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