Tether Files Lawsuit in Brazil to Recover $300 Million Loan

Tether has initiated legal proceedings in São Paulo, Brazil, seeking to recover a $300 million loan from Titan Holding, a company under the Master Group. According to ChainCatcher, the loan was issued by Tether's venture capital arm, Tether Investments, in 2025 and was originally due for repayment in 2026. However, no repayments have been made to date. The owner of Master Group, Daniel Vorcaro, was recently arrested. Banco Master, a subsidiary of the group, faced liquidation by the Brazilian Central Bank last November due to a reserve shortfall of $2.2 billion, affecting over a million customers. In its lawsuit, Tether is requesting the freezing of all financial assets of Titan and its affiliated companies.