Tether to Invest $20M in Brazil's Mercado Bitcoin Tether announced a $20 million investment in Mercado Bitcoin’s strategic growth financing round. Mercado Bitcoin is a regulated Brazilian on-chain financial services platform with 4.5 million users, over R$2 billion in tokenized assets issued, and more than 10 licenses across Brazil and Europe. The funding will support its expansion in payments, tokenized investment products, lending, on-chain capital markets, and international growth.

Tether-backed Oobit plugs USDT into Brazil's PIX and its 170 million users @oobit has wired Brazil's PIX payment network into its app, letting users move between the real and solana:Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB in seconds. Deposit reais, receive Tether, and pay anyone on PIX, the instant-payment system that reaches around 170 million Brazilians. The @tether backed app is leaning into a market that already runs on stablecoins. Most of Brazil's PIX-to-crypto volume already flows into dollar-pegged coins, where locals park savings against a wobbly Real. It is not the only one chasing that demand. Brazil's central bank opened PIX rails to base:0x833589fcd6edb6e08f4c7c32d4f71b54bda02913 earlier this year, and Circle is pushing dollar tokens in the region with Nubank. Oobit's edge is folding it all into one tap-to-pay app.