UTE
Tracked across 1 events · 6 articles · First seen Aug 21, 2026 · Last active Aug 24, 2026
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Tether, the company behind the USDtb stablecoin, invested approximately $120 million in two Bitcoin mining sites in Uruguay's Florida department, announced in May 2023. The project collapsed after a dispute with state utility UTE over…
Impact: UTE, Uruguay's state utility, enforced its contract interpretation, cut power, and eventually received debt settlement. It played a central role in the dispute.
Aug 21, 2026 · 6 articles
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UTE cut power DJT MicrofinanceTether abandons Uruguay...
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DJT Microfinance stopped paying UTETether abandons Uruguay...
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