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Welcome to Latam Insights, a compilation of the astir applicable crypto quality from Latin America implicit the past week. In this edition, Tether backs Mercado Bitcoin with $10 million, Brazilian constabulary onslaught an amerciable crypto betting ring, and the 24-hour clasp play for stablecoin transactions is contested successful Brazil.
Published: Jul 12, 2026, 5:30 AM
Key Takeaways
- Tether invested $20M successful Mercado Bitcoin, accelerating tokenized plus maturation and outgo tech crossed Latam.
- Brazil’s constabulary raided 87 ammunition companies successful Operation Veil of Maya, cracking down connected crypto wealth laundering.
- ABcripto opposed a projected 24-hour stablecoin lock, informing it volition disrupt fast, regulated transactions.
Tether Expands Its Footprint successful Latin America With a $20 Million Investment successful Mercado Bitcoin
Latam markets and the companies regulated to service them are attracting the attraction of planetary companies seeking to found an organization foothold successful the region.
Tether, the planetary stablecoin company, disclosed a $20 cardinal concern successful Mercado Bitcoin, a Brazilian fiscal services company, arsenic portion of a strategical maturation financing circular that besides included SoftBank.
With these funds, Mercado Bitcoin volition bankroll enlargement improvements successful its payments infrastructure, tokenized concern offerings, and on-chain superior markets, aiming to found a foothold successful different countries successful the region.
The company, which has implicit 4.5 cardinal customers and operates successful Brazil and Europe, was qualified by Tether arsenic “one of the astir broad regulated on-chain fiscal platforms successful Latin America,” and is portion of a bid of akin investments successful payments and infrastructure companies that Tether is backing successful the region.
Operation Veil of Maya: Brazilian Police Dismantle Massive Illegal Betting and Crypto Money Laundering Ring
On Monday, the Brazilian Federal Police executed Operation “Veil of Maya,” cracking down connected an amerciable betting ringing that utilized ammunition companies to launder and redirect funds to these activities utilizing fiat and integer currency.
The cognition was codenamed “Veil of Maya” arsenic it represents a facade that impedes the appreciation of reality, meaning that these ammunition companies presented objectives that hid their existent purposes.
According to the Federal Police, 87 companies were targeted successful this operation, but authoritative numbers connected their volumes person not been revealed. The circumstantial usage of crypto assets successful the operations would beryllium constricted to the transference of funds abroad.
Abcripto Blasts Central Bank of Brazil’s 24-Hour Stablecoin Lock arsenic ‘Disproportionate’
ABcripto, the Brazilian Cryptoeconomy Association, which groups manufacture giants specified arsenic Binance, Coinbase, Crypto.com, and Tether, has introduced a papers opposing an earlier connection by the cardinal bank, which recommended a 24-hour fastener model for stablecoin remittances.
According to section media, successful a missive sent to the Department of Financial Regulation (Denor), ABcripto agrees that regulatory groups indispensable prosecute fraudulent and illicit activity, but argues that this measurement is disproportionate and indispensable beryllium preceded by much thorough probe of the Brazilian cryptocurrency market.
As justification for this 24-hour fastener connected transactions exceeding $10,000, the slope cited a Chainalysis crypto transgression report, noting that illicit transaction volumes had reached a grounds precocious successful 2025.
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