Tether Invests in EFY Finance to Accelerate Institutional Stablecoin Usage in LATAM

AI summary of the source article

Tether has invested in EFY Finance's seed round to accelerate institutional use cases for USD₮ and USA₮. The move supports infrastructure connecting stablecoins to Latin America's traditional financial system.

Why it matters

The investment aims to strengthen the infrastructure connecting stablecoins to the traditional financial system across Latin America.

Key facts

• Tether invested in EFY Finance as part of its seed round to boost institutional adoption of USD₮ and USA₮.
• EFY Finance provides stablecoin cross-border payments, custody, and settlement to local accounts across 17 Latin American countries.
• EFY Finance is licensed as a Digital Asset Service Provider in El Salvador and operates over 25,000 active accounts.