Tether has committed $20 million to Brazilian crypto platform Mercado Bitcoin, backing the company’s push into tokenized assets, stablecoin payments, lending, and other blockchain-based finan
Tether has committed $20 million to Brazilian crypto platform Mercado Bitcoin, backing the company’s push into tokenized assets, stablecoin payments, lending, and other blockchain-based financial services across Latin America.
Founded in 2013, Mercado Bitcoin began as a crypto trading venue before expanding into a broader regulated financial platform. The company now reports more than 4.5 million users and has issued over 2 billion Brazilian reais, roughly $370 million, in tokenized assets. It holds close to a dozen licenses spanning Brazil and Europe, including a payment institution license granted by Brazil’s central bank.
