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Power Cuts: Tether Owes Nearly $5 Million in Energy Bills to Uruguay
Power Cuts: Tether Owes Nearly $5 Million in Energy Bills to Uruguay
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Tether's Uruguayan operations face potential shutdown as energy provider demands payment on overdue bills approaching $5 million.
Infrastructure Strain
The stablecoin giant's mining facilities reportedly bypassed multiple payment deadlines—leaving local utilities scrambling to cover the gap. Grid operators now threaten disconnection if balances aren't settled within 48 hours.
Financial Fallout
Uruguay's renewable energy advantage initially attracted crypto miners seeking cheap power. But Tether's unpaid tab exposes the dark side of infrastructure reliance—where 'decentralized' dreams still need centralized utilities to keep the lights on. Typical finance move: privatize profits, socialize losses.
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