Tether Announces Participation in Seed Round Financing for Latin American Stablecoin Payment Infrastructure EFY Finance

October 13: Tether has announced its participation in the seed funding round of EFY Finance to promote the adoption of USDT and USAT in the institutional sector. This investment aims to strengthen the infrastructure connection between stablecoins and the traditional financial system in Latin America.

EFY Finance is a financial infrastructure company that provides stablecoin-based cross-border payments, account services, and digital asset custody for the Latin American market. The company offers fiat on/off-ramp infrastructure for USDT and USAT, over-the-counter trading services, wallets, and bank cards, supporting over 12 currencies and cross-border payment channels, and can settle to local accounts in 17 countries.

EFY Finance has obtained a Digital Asset Service Provider (DASP) license in El Salvador and currently provides regulated services to over 25,000 active individual and corporate accounts.