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Jul 7, 2026

Tether Invests $20 Million in Brazil's Mercado Bitcoin

Stablecoin issuer Tether committed $20 million to a growth financing round for Mercado Bitcoin, one of Latin America's largest digital asset exchanges with 4.5 million users, as part of its Latin American expansion strategy.

Jul 7, 2026·5 sources
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Top claims

  • ▪The company reported approximately $1.04 billion in net profit for Q1 2026 and held excess reserves of $8.23 billion as of March 31.
  • ▪The investment is part of a strategic growth financing round to accelerate on-chain financial infrastructure across Latin America.
  • ▪Tether-backed payments app Oobit recently integrated Pix, Brazil’s instant payment network serving roughly 170 million users.

Topics

StablecoinsVenture capital fundingCrypto exchangesInstitutional crypto partnerships & milestones

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Brazil

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