Tether has invested $20 million in Brazilian crypto exchange Mercado Bitcoin. The funding supports the platform's growth in Latin America.
Mercado Bitcoin raised the fresh capital from USDT stablecoin issuer Tether. The investment aims to fuel expansion across the region.
The Brazilian platform will use the funds to advance tokenized assets, stablecoin payments and lending services.
The deal was announced on July 7, 2026.
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Tether, the issuer of the largest stablecoin USDT, announced a first-quarter net profit of $1.04 billion for 2026. The company's excess reserves reached a record $8.23 billion, with total assets nearing $192 billion against liabilities of about $183.5 billion. Reserves include significant holdings in U.S. Treasuries, gold, and bitcoin.
Brazil's central bank has banned electronic foreign exchange providers from using stablecoins and cryptocurrencies like Bitcoin for settling overseas remittances. The new rule, BCB Resolution No. 561, takes effect on October 1. Individual investors can still buy, hold, and trade crypto through authorized providers.
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The T3 Financial Crime Unit has frozen over $450 million tied to suspected illicit crypto activity since its launch in 2024. The effort involves Tether, Tron, and TRM Labs in partnership with law enforcement agencies.