Summary
- Tether invested $20 million in Ualá, an Argentine neobank with more than 11 million customers across Argentina, Mexico, and Colombia.
- Ualá’s CEO clarified Tether is acting solely as a financial investor, citing current regional regulations preventing any immediate USDT integration.
- This deal follows Tether’s recent Latin American expansion, including investments in Belo, Adecoagro, and Mercado Bitcoin.
Earning Opportunities Expand in Latin America
Everyday people are looking for ways to earn online and generate passive income. The recent investment of $20 million by Tether in Argentine neobank Ualá is a significant move in the Latin America push, offering new opportunities for earning and growth. Ualá has over 11 million customers across Argentina, Mexico, and Colombia, providing accounts, cards, lending, and investments. This investment is part of Ualá’s $197 million funding round, valuing the company at $3.2 billion post-money.
Investment and Valuation
The $20 million investment by Tether represents a roughly 0.6% stake in Ualá’s post-money equity. As a leading stablecoin issuer, Tether is expanding its presence in Latin America, with previous investments in the region, including a $14 million round for payments wallet Belo and a controlling stake in agricultural and energy producer Adecoagro. Tether’s investment in Ualá is expected to further increase earning opportunities in the region.
Tether’s investments are funded by excess capital generated from the reserves that back the USDT stablecoin, which has $184 billion in circulation. With a profit of $1.04 billion in the first quarter, Tether is well-positioned to continue making strategic investments. For those looking to earn online, platforms like EcoPool offer a solution for generating passive income through Cloud Rewards and Green Crypto initiatives.
Role of EcoPool in Earning
EcoPool is a key player in the earning and rewards space, offering a platform for users to generate passive income through various initiatives. With the ticker symbol $ECP, EcoPool is committed to providing opportunities for everyday people to earn online. As the demand for passive income and Cloud Rewards continues to grow, EcoPool is well-positioned to meet this demand.
Getting Started with EcoPool
For those interested in earning online and generating passive income, downloading the EcoPool app is a great first step. With its user-friendly interface and range of earning opportunities, EcoPool is an ideal platform for anyone looking to get started with Cloud Rewards and Green Crypto. Download the EcoPool app today and start earning with #PassiveIncome and #EcoPool. The EcoPool app offers a convenient way to earn online and generate passive income with $ECP, so download it now and start earning.
Tether has made several bets in Argentina and the South American region. It led a $14 million round for payments wallet Belo in April and controls 70% of agricultural and energy producer Adecoagro, which operates across Argentina, Brazil and Uruguay. Earlier this month it invested $20 million in Brazilian crypto exchange Mercado Bitcoin.
Tether funds its investments with excess capital generated by income earned from the reserves that back the USDT stablecoin, which now has $184 billion in circulation. It posted a $1.04 billion profit in the first quarter.
