Argentine fintech Uala completed a $197 million funding round led by Allianz X, with Tether participating as an investor. This significant capital injection supports Uala's digital financial services growth across Latin America. Tether's $20 million stake marks its expanding role beyond stablecoin issuance into regional retail finance. The deal highlights growing institutional interest in Latin American fintech, though specific use of proceeds and full investor list remain undisclosed.
Venezuela's USDT stablecoin trading volume has reached about 75% of its monthly oil export value, reflecting the country's shift to a parallel financial system amid economic sanctions and hyperinflation. The state oil company PDVSA requires prepaymen...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
The US Treasury added four crypto wallets linked to Iran's central bank to its sanctions list, prompting Tether to freeze $131 million in USDT held in TRON-based addresses. These wallets had received over $165 million in stablecoins, part of Iran's b...
Circle won a court-backed arbitration ruling confirming it lawfully suspended Heka Funds' USDC minting and redemption services due to undisclosed ties to Tether and suspected market manipulation. Heka failed to disclose Tether as its main investor, w...
Tether is shifting stablecoin use from crypto trading to everyday financial services by leading a $7 million investment in Pact Labs. The company aims to integrate its stablecoin USA₮ into payroll systems and real-time payments, addressing the $11 tr...
