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      Tether Invests in EFY Finance to Enhance Financial Infrastructure in Latin America

      Tether, the issuer of the popular stablecoin, has announced its investment in EFY Finance, a financial infrastructure company based in Latin America. This investment is part of EFY Finance's seed round financing and aims to promote the use of Tether's stablecoins, USD₮ and USA₮, within the institutional sector. Tether's initiative is designed to strengthen the integration of stablecoins with the traditional financial system, facilitating the development of cross-border payment solutions, account services, and digital asset custody infrastructure.

      Paolo Ardoino, CEO of Tether, highlighted the economic challenges faced by many regions in Latin America, including inflation and capital controls. He noted that dollar stablecoins are increasingly being utilized as a means to access dollar liquidity, emphasizing the importance of compliant infrastructure and banking connections to broaden their applications. EFY Finance is positioned to play a crucial role in this landscape by providing essential services that support the use of stablecoins.

      Currently, EFY Finance offers a range of services, including deposit and withdrawal options for USD₮ and USA₮, over-the-counter trading, wallet services, and payment cards. The company operates local settlement channels for over 12 currencies across 17 countries and has obtained a digital asset service provider license in El Salvador. With a growing client base of over 25,000 individual and corporate accounts, EFY Finance is well-equipped to enhance the financial ecosystem in the region.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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