Tether invests $20 million in Ualá as the fintech firm reaches $3.2 billion valuation
The Block·
60-second summary
Tether invests $20 million in Ualá, a $3.2 billion-valued Argentine neobank, as part of a $197 million funding round. This strategic investment highlights Tether's interest in expanding its presence in the Latin American fintech market, where Ualá's innovative services are gaining traction, further solidifying the company's position as a major player in the region.
Tether invested $20 million in Argentine neobank Ualá, joining a $197 million funding round that valued the fintech at $3.2 billion.