Tether invests $20 million for minority stake in Ualá

The stablecoin issuer Tether has invested $20 million in the Argentine digital bank Ualá, acquiring a minority stake in a major Latin American financial platform. The investment, finalized as part of a $197 million funding round for Ualá that was announced in March 2026, values the neobank at $3.2 billion. Ualá serves more than 11 million customers across Argentina, Mexico, and Colombia with digital accounts, payment cards, and lending services.

Company executives clarified that Tether’s role is strictly that of a financial investor, with no immediate plans to integrate its USDT stablecoin into Ualá’s platform. Ualá CEO Pierpaolo Barbieri stated that current regulations in Argentina and Mexico prevent any near-term integration of USDT for payments or other services. The investment therefore provides Tether with equity exposure to a growing regional fintech business without altering Ualá’s existing product offerings or operational model. Based on the disclosed valuation, Tether’s $20 million contribution represents an approximate 0.6 percent stake in the company.

This move is the latest in a series of strategic investments by Tether across Latin America, funded by surplus capital...