Tether invests $20 million in Argentine neobank Ualá as it expands Latin America push
Ualá’s CEO clarified Tether is acting solely as a financial investor, citing current regional regulations preventing any immediate USDT integration.
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Summary
- Tether invested $20 million in Ualá, an Argentine neobank with more than 11 million customers across Argentina, Mexico, and Colombia.
- Ualá’s CEO clarified Tether is acting solely as a financial investor, citing current regional regulations preventing any immediate USDT integration.
- This deal follows Tether’s recent Latin American expansion, including investments in Belo, Adecoagro, and Mercado Bitcoin.
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
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