USDT
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USAT
+0.0%Tether invests in EFY Finance seed round for Latin America
Image: Crypto.newsTether participated in the seed funding round of EFY Finance to expand institutional stablecoin services. The investment supports USDT and USAT tokens across 17 Latin American countries. EFY Finance serves more than 25,000 accounts and provides local settlement infrastructure. Chainalysis reported nearly USD 1.5 trillion in Latin American crypto transactions across three reporting years.
Key points
- Tether joined the seed funding round of Latin American financial infrastructure provider EFY Finance.
- The investment aims to expand institutional access to USDT and USAT stablecoin payments across 17 countries.
- EFY Finance provides local settlement infrastructure and serves more than 25,000 individual and business accounts.
Why it matters
The partnership expands regional access to dollar-backed stablecoins for cross-border payments and local settlement services in Latin America.
What's unclear
The exact financial amount invested by Tether in EFY Finance was not disclosed.
Price context · USDT
At publication
$0.9993
Now
$0.9993
Change since
+0.00%
7 days · dashed line = publication
Sources · 2 publishers
Crypto.news
Tier 2
Tether invests in stablecoin payments across 17 countries
Coverage timeline
- First reported by Crypto Briefing
- Also reported by Crypto.news
- CryptoVideos brief published
How this brief was made. This event appears in reports from 2 publishers. AI drafted the brief from selected reports. Automated checks compare numeric values and topic terms with the source text, but may miss errors. Read the linked reports for context. Report an error
