Tether invests $20 million in Mercado Bitcoin to accelerate the construction of Latin America's on-chain financial infrastructure.
Odaily reported that stablecoin issuer Tether has announced a $20 million investment in the strategic funding round of Mercado Bitcoin, a Latin American on-chain financial services platform, to support its development in asset tokenization, payments, credit, capital markets, and compliant digital financial services.
Founded in 2013, Mercado Bitcoin has expanded from a digital asset trading platform to a comprehensive on-chain financial infrastructure platform. Its business now covers trading services, tokenized investment products, lending, stablecoin payments, banking infrastructure, and cross-border financial services. This round of funding will mainly 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 promote international expansion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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