Svmuu News: Stablecoin issuer Tether announced a $20 million investment in Argentine digital bank Ualá as part of the company’s $197 million funding round. Following the completion of this round, Ualá’s post-money valuation reached $3.2 billion.
The funding round was initially led by Allianz X in March 2026, with participation from global investment firms including Stone Ridge Holdings Group, Tencent, TABLE Holdings, Soros Fund Management, D1 Capital Partners, and Jubarte.
Ualá is a Latin American digital financial platform that provides banking services, payments, credit, and investment products through a mobile app. Currently, the company serves over 11 million users across Latin America and holds banking licenses in Argentina, Mexico, and Colombia. Recently, Tether has continued to ramp up its investments in the fintech sector:
Led a $7 million Series A funding round for Pact Labs to support infrastructure development for the USAT stablecoin in payroll, salary advances, credit, and payments;
Invested $20 million in the Brazilian digital asset platform Mercado Bitcoin to support payments, lending, tokenized investments, and international expansion;
Supported the payment infrastructure company Oobit and facilitated its integration with Brazil’s PIX payment network, enabling users to deposit Brazilian reais, hold USDT, and make payments. (The Block)