ChainThink report, on July 7, according to an official announcement, Tether has invested USD 20 million into Mercado Bitcoin, a Latin American blockchain-based financial services platform, to support its strategic growth.
Mercado Bitcoin was established in 2013 and offers services including trading and exchange infrastructure, tokenized investment products, credit and lending, stablecoin-based payments, banking infrastructure, and cross-border financial services.
The platform currently serves 4.5 million users, has issued over 2 billion reais worth of tokenized assets, and holds more than 10 operating licenses in Brazil and Europe, including a payment institution license, brokerage dealer license, securitization platform license, and asset management license issued by the Central Bank of Brazil.
Disclaimer: Contains third-party opinions, does not constitute financial advice
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