PANews
PANews|Jul 16, 2026 00:25
[Tether Invests $20 Million in Argentine Digital Bank Ualá to Expand Presence in Latin America] According to Bloomberg, Tether has invested $20 million in Argentine digital bank Ualá as part of the $197 million funding round announced by Ualá in March. Ualá plans to use the funds to accelerate its expansion in Argentina, Mexico, and Colombia. Ualá founder and CEO Pierpaolo Barbieri stated that due to the regulatory environment in Argentina and Mexico, USDT stablecoin integration on the platform will not occur in the short term, with Tether participating solely as a financial investor. Ualá, which has 11 million customers, is valued at $3.2 billion following this funding round and plans to accelerate its expansion in Mexico.
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