Debt Dispute and Rising Costs Derail Tether’s $500M Uruguay Vision

[madtrader]

Despite plans for a massive $500M investment, Tether’s Uruguayan mining expansion hit turbulence after alleged unpaid electricity bills totaling nearly $4.8M. While the firm denies exiting the country, it has already poured over $150M into facilities and infrastructure and says it is reevaluating its strategy in the region.

[Nahid Hossen]

Rising costs and disputes show how hard large-scale mining projects really are.