Svmuu News: Stablecoin issuer Tether has announced a $20 million investment in a strategic funding round for Mercado Bitcoin, a Latin American on-chain financial services platform, to support its growth in asset tokenization, payments, credit, capital markets, and compliant digital financial services.
Founded in 2013, Mercado Bitcoin has expanded from a digital asset trading platform into a comprehensive on-chain financial infrastructure platform, with operations spanning trading services, tokenized investment products, lending, stablecoin payments, banking infrastructure, and cross-border financial services.The funds raised in this round will primarily be used to expand payment infrastructure, scale tokenized products for institutional and retail investors, develop lending operations, advance the development of on-chain capital markets, pursue strategic partnership opportunities, and drive international expansion.