Tether's expansion in Bitcoin Mining at URUGUAY has faced a large setback after UTE's electricity provider was suspended to the stablecoin mining facilities on unpaid bills by about $ 5 million. The turmoil, which was confirmed on July 25, 2025, comes just two years after Tether revealed the Bitcoin Mining Project in South America, citing rich sources of renewable energy sources.
Tether operational repercussions with a high power bill
According to the local media, Busqueda, began to fail to pay in Tether in May 2025. By June, UTE, Andrea Kapreira, signed a Memorandum of Understanding with Microfen, associated with the local operator of the mining project, in an attempt to negotiate a settlement. However, after the arrears continued to install, UTE summoned standard measures, using security deposits before suspending energy supplies at Flores and Florida mining sites on July 25.
The energy reduction results in immediate operating consequences, which leads to bargaining on the computers of the facilities and reducing the result of the retail rate, while slowing the general expansion targets. Meanwhile, restarting sites will also bear additional costs, from re -negotiating contracts to restore technical capacity. Even these processes often require weeks, depending on the guarantees provided and compliance with organizational protocols.
In 2023, Tether Uruguay entered with plans to take advantage of the country's renewable energy image through the “Tether Energy” initiative. Uruguay generates what the project has been placed as a step towards diversifying the Tether business model until after Stablecoin, with ambitions to ultimately secure 1 % of the global retail rate in Bitcoin.
In 2023, CTO told the company, Paulo Erdino, about the project:
By harnessing the power of Bitcoin and the capabilities of renewable energy in Uruguay, Tether leads the road in sustainable and responsible bitcoin mining; Our fixed commitment to renewable energy guarantees that all bitcoin currencies leave the minimum environmental fingerprint while supporting the security of the Bitcoin and safety network. Tether is proud to lead a movement that combines advanced technology, sustainable practices and financial innovation
In the wake of the recent disclosure by URuguayan media, Tether or Microfin did not yet reveal their official position.
Usdt reaches the new market to $ 171.5 billion
In other news, Tether's Stablecoin Usdt achieved the value of the new market ceiling of $ 171.5 billion, which strengthened its prevailing position in the market. Nowadays, USDT now represents 58.9 % of the Stablecoins market with the fourth largest encrypted currency in the world.
Distinctive image from Flickr, the tradingvief chart
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