Why Is Tether Backing Out of its Projects in Uruguay?

Yohir Akerman December 23, 2025

What makes a $500M crypto-mining investment collapse overnight? Yohir Akerman breaks it down in Inter-American Dialogue’s Latin American Advisor.

Yohir explains that Tether’s suspension of operations in Uruguay was driven by rising electricity costs and stalled tariff negotiations, not cooling investor sentiment.

A sharp reminder for crypto infrastructures, energy pricing and regulatory certainty matter most. 

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