Key Takeaways Tether backed Ualá with $20M in a $197M round, accelerating the neobank’s expansion across Latin America. Ualá will use the capital to target Mexico and Colombia, though banking rules block stablecoin integration. The deal completes a wave of Tether investments, positioning the firm to profit from Latam’s fintech boom. Tether Intensifies Latam Bet With $20 Million Investment in Ualá The integration of cryptocurrency and traditional finance in Latam is growing, as capital seeks to position itself to benefit from the rise of fintech alternatives in the region. Tether, one of the largest companies in the cryptocurrency industry, has …