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Tether Sues Brazilian Titan Holding to Recover $300 Million Defaulted Loan

2026.05.09 09:30:03

May 9th, Tether has filed a lawsuit in São Paulo, Brazil, to recover a $300 million loan from Titan Holding—an affiliate of the Master Group. The loan was issued by Tether’s venture arm, Tether Investments, in March 2025, with an original repayment deadline of March 28, 2026. No repayment has been made to date, however. Daniel Vorcaro, owner of the Master Group, was recently arrested. His Banco Master was liquidated by Brazil’s Central Bank last November over a $2.2 billion reserve shortfall, impacting more than 1 million customers. In the lawsuit, Tether is seeking to freeze all financial assets of Titan and its affiliated firms.
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