Tether invests $20M into Argentine neobank Ualá
Cointelegraph 2026-07-16 08:27:31
Context: Tether invested $20 million in Ualá, an Argentine neobank, as part of a larger $197 million funding round announced earlier in March. This investment marks a significant move by Tether into the Latin American financial technology sector. The funding round is a substantial boost for Ualá, which operates in Argentina.
Key Facts
- Tether invested $20 million in Ualá as part of the neobank’s $197 million funding round announced earlier in March.
- The investment is a strategic move by Tether into the Argentine neobank sector, specifically targeting Ualá.
- Ualá's $197 million funding round was announced earlier in March, indicating a significant capital influx for the company.