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Tether invested $20 million in Argentine neobank Ualá as part of a $197 million equity funding round led by Allianz X and announced in March. Ualá disclosed Tether as a participant but did not reveal the investment size at the time. Tether also recently invested $20 million in Brazilian crypto exchange Mercado Bitcoin and led a $14 million Series A for Argentine crypto platform Belo.
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