Tether has put $20 million into the Argentine digital bank Ualá, buying a stake in one of Latin America’s fastest-growing fintech companies. This investment was part of Ualá’s $197 million funding round, which valued the company at $3.2 billion. While Tether is not adding its USDT stablecoin to Ualá’s platform yet, the deal shows Tether’s growing focus on supporting financial infrastructure in Latin America.
Ualá has over 11 million customers in Argentina, Mexico, and Colombia, and offers digital banking services like accounts, payment cards, loans, and investment products. Based on the company’s valuation after the funding round, Tether’s investment is estimated to be about a 0.6% stake, though the final ownership could change depending on the funding terms.
Source: ua.la
According to Bloomberg, Ualá’s founder and CEO Pierpaolo Barbieri said that current regulations in Argentina and Mexico do not allow USDT to be added to the neobank’s services. He explained that Tether joined the funding round only as a financial investor, not as a payments partner.
This investment is the latest step by Tether to grow its presence in Latin America. In April, Tether led a $14 million funding round for the Argentine payments platform Belo, and earlier this month it invested $20 million in the Brazilian crypto exchange Mercado Bitcoin. Tether also owns a majority stake in Adecoagro, an agricultural and energy company that operates in Argentina, Brazil, and Uruguay.
Unlike many crypto companies that depend on fundraising, Tether uses profits from the reserves backing USDT, the world’s largest stablecoin, to fund its investments. With about $184 billion worth of USDT in circulation, Tether reported a $1.04 billion profit in the first quarter, giving it plenty of capital for strategic investments.
Tether is not just investing in crypto businesses. It has put money into companies in financial services, payments, and other areas. This strategy shows Tether’s bigger goal to go beyond stablecoins and become more active in emerging markets where digital financial services are in high demand.
The investment in Ualá gives Tether an even stronger presence in Latin America, where inflation, currency swings, and more fintech use are creating new chances for digital finance. Even though USDT is not being added right away, this partnership brings Tether closer to one of the region’s biggest digital banks as regulations change.
LATEST: 💰 Tether invested $20M in Argentine neobank Ualá as part of a $197M round led by Allianz X, per Bloomberg. pic.twitter.com/dUi23P9fQD
— CoinMarketCap (@CoinMarketCap) July 16, 2026
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