Tether Invests $20M in Mercado Bitcoin to Expand On-Chain Finance
The post Tether Invests $20M in Mercado Bitcoin to Expand On-Chain Finance appeared on BitcoinEthereumNews.com. Tether invested $20M in Mercado Bitcoin, Latin America’s top on-chain finance hub. Mercado Bitcoin holds over 10 licenses, serving 4.5 million users across Brazil. The funding will expand payments, tokenization, lending, and on-chain capital markets. Tether has taken a $20 million strategic stake in Mercado Bitcoin, the Brazilian company that has spent thirteen years building what is now the most comprehensively licensed on-chain financial platform in Latin America. The investment was announced on 07 July. Mercado Bitcoin started as a digital asset exchange in 2013 and has since accumulated a profile that most fintech companies spend decades trying to build. It holds a Payment Institution license from Brazil’s Banco Central do Brasil, runs broker-dealer operations, manages a securitization platform, and offers asset management services. It currently holds more than ten lice