Tether invests $20M into Argentine neobank Ualá

Tether reportedly invested $20 million into Ualá, as part of the Argentine neobank’s $197 million funding round announced earlier in March.

Stablecoin giant Tether reportedly invested $20 million in the Argentine neobank Ualá, as part of its broader push in Latin America.

The investment formed part of a $197 million equity funding round announced by Ualá in March and led by Allianz X, according to Bloomberg. Ualá disclosed Tether as a participant in the round at the time but did not reveal the size of its investment.

Cointelegraph contacted Tether for confirmation but had not received a response by publication.

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