Tether sues Titan Holding in Brazil to recover $300M loan amid Master conglomerate fraud.

Tether has filed a lawsuit in São Paulo to recover a $300 million loan given to Titan Holding, part of the Master conglomerate involved in one of Brazil's largest financial frauds. The loan, issued by Tether Investments in March 2025, has not been repaid following the arrest of Daniel Vorcaro, owner of the conglomerate and Banco Master, which collapsed due to a $2.2 billion reserve shortfall. Tether seeks to freeze Titan's assets but confirmed this loan is separate from the funds backing its USDT stablecoin. This case highlights Tether's significant loan portfolio, which is heavily collateralized and part of its broader financial strategy.