Tether has filed a lawsuit in São Paulo against Titan Holding to recover a $300 million loan, following the arrest of Daniel Vorcaro and the collapse of Banco Master. The loan, issued by Tether Investments in March 2025, was part of the Master conglomerate, now embroiled in a major financial fraud case in Brazil. Tether seeks to freeze Titan's assets as part of the recovery process.
Despite the default, Tether assures that the loan does not impact the backing of its USDT stablecoin, as it is part of a separate loan portfolio. The company highlights that its secured loans, totaling $15.8 billion, are over-collateralized and subject to strict margin and liquidation protocols. This lawsuit adds to the growing list of creditors affected by the Master conglomerate's financial collapse, which has resulted in significant losses.
Tether Sues Titan Holding to Recover $300M Loan Amid Brazilian Fraud Scandal
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