Tether Invests in Latin American Stablecoin Infrastructure Company EFY Finance

On October 13, according to The Block, Tether invested an undisclosed amount in the seed round of Latin American stablecoin infrastructure startup EFY Finance. EFY Finance provides deposit and withdrawal infrastructure for USDT and USAT, and supports cross-border payments, account management, and custody services, currently covering local bank account settlements in 17 countries and holding over 25,000 active individual and corporate accounts.