Mercado Bitcoin, the leading cryptocurrency exchange in Brazil, has raised $100 million in a Series C funding round led by Tether, the issuer of the USDT stablecoin.
The investment marks a significant vote of confidence in the Brazilian digital-asset market from one of the most prominent players in the global crypto ecosystem.
This development arrives as Bitcoin attempts to stabilize above the $60,000 threshold after a period of broader market volatility.
The round underscores the growing strategic importance of Latin America for global crypto infrastructure.
Tether’s participation adds substantial weight to Mercado Bitcoin’s thesis, providing not only capital but also deep industry credibility.
The exchange described the investment as the first step in a broader expansion strategy, aiming to deepen its product offerings and market presence.
This development arrives as Bitcoin attempts to stabilize above the $60,000 threshold after a period of broader market volatility.