Latin America is attracting growing investment from cryptocurrency companies as demand for blockchain-based financial services expands beyond digital asset trading into payments, lending and tokenized investments.
Tether is investing $20 million in Brazilian digital asset platform Mercado Bitcoin through a strategic financing round aimed at expanding onchain financial infrastructure across Latin America, The Block reported Tuesday. The funding will help Mercado Bitcoin grow its payments business, tokenized investment offerings, lending operations and capital markets platform while supporting its international expansion.
