In short
- Tether will invest $20 million in a funding round for Mercado Bitcoin, a Brazilian crypto platform, to expand blockchain financial services in Latin America.
- Mercado Brazil says it now serves 4.5 million users, has raised $2 billion in revenue, and has more than 10 licenses in Brazil and Europe.
- This investment will help to expand the payment infrastructure, expand the commercial products, increase the lending capacity, improve the capital markets, and increase the growth of the countries.
The lowest price of stablecoin shares Tether said on Tuesday that it will invest $20 million in the way of money around Mercado Bitcoin, a Brazilian cryptocurrency exchange, as two companies push to increase the use of blockchain for financial reporting across Latin America.
Mercado Bitcoin, founded in 2013, has grown from a digital asset exchange to a comprehensive financial platform that offers trading, trading products, loans and borrowing, stablecoin-based payments, banking infrastructure, and cross-border services.
The company claims to have 4.5 million users, has released more than 2 billion reais (about $387 million) in popular products, and holds more than 10 licenses across Brazil and Europe, including a payment agency license from Brazil’s central bank.
“Tether’s mission is to build an open, accessible, and efficient global economy,” Tether CEO Paolo Ardoino said in a statement. “Mercado Bitcoin has built exactly that, a sustainable, fully-funded platform that supports millions of users in financial markets around the world.”
“Its depth of regulatory approvals, tokenization infrastructure, and integrated financial services is unparalleled in Latin America,” he added. “We look forward to supporting the next phase of Mercado Bitcoin’s growth as a good partner and investor.”
According to the announcement, the new capital will go to expand payment infrastructure, expand sales and marketing organizations, increase lending capacity, improve capital markets, and pursue international growth.
“The discussion is no longer about whether money will move on the chain. This change is already happening,” said Mercado Bitcoin Chairman and CEO Roberto Dagnoni, in a statement. “The goal now is to build the infrastructure that will support tokenization, stablecoins, payments, and capital markets, reshaping the way money flows, businesses access, and invest.”
“Mercado Bitcoin has spent more than ten years building the foundation for this future, and this investment strengthens our ability to support the next generation of financial services in Brazil and international markets,” he said.
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