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Tether Halts $500M Uruguay Investment Amid Energy Cost Challenges

Tether Halts $500M Uruguay Investment Amid Energy Cost Challenges

Author:

Global Cryptocurrency

Published:

2025-11-27 12:07:01

27

2

BTCCSquare news:

Tether has abruptly terminated its planned $500 million investment in Uruguay, citing unsustainable energy costs. The stablecoin issuer had initially committed to building three data centers and a 300MW renewable energy park, but only $100 million was deployed before economic viability collapsed.

Contract terms and 31.5 kV toll fees in Florida reportedly inflated operational expenses beyond projections. The withdrawal marks a significant setback for Uruguay's crypto infrastructure ambitions, with Tether having already allocated $50 million for grid integration projects.

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