Tether has committed $20 million to Ualá, a neobank that has gained traction in Argentina, Mexico, and Colombia, as part of a broader $197 million funding initiative. This investment is part of a funding round announced in March 2026, which values Ualá at approximately $3.2 billion. Allianz X is also noted as one of the investors in this round.
Ualá's CEO, Pierpaolo Barbieri, clarified that Tether's role is limited to that of a financial investor due to existing regulatory restrictions, indicating that there will not be an immediate integration of Tether's USDT into Ualá's services.
