Tether denies reports it ditched $500M crypto project in Uruguay

CointelegraphMonday, September 22, 2025 at 11:09:35 PM
Tether denies reports it ditched $500M crypto project in Uruguay
Tether has responded to recent reports claiming it abandoned a $500 million cryptocurrency project in Uruguay, stating that these claims do not accurately represent the current situation. The company emphasized that its local mining operator is actively collaborating with the government to address any existing issues. This clarification is significant as it highlights Tether's ongoing commitment to its projects and partnerships in the region, which could impact investor confidence and the broader crypto landscape.
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