Woofun AI reports that Tether has committed $20 million to Argentine digital bank Ualá within a broader $197 million financing round. This capital injection elevates Ualá's post-money valuation to $3.2 billion. The round was initially led by Allianz X in March 2026, with participation from Stone Ridge Holdings Group, Tencent, TABLE Holdings, Soros Fund Management, D1 Capital Partners, and Jubarte.

Ualá operates as a Latin American digital financial platform serving over 11 million users across Argentina, Mexico, and Colombia. Tether continues expanding its fintech footprint, having previously invested in Pact Labs, Mercado Bitcoin, and Oobit to support stablecoin infrastructure and payment networks in the region.