Switch to seedless. Get 30% off with SWITCH30 till Oct 21Tether invests in EFY Finance to expand stablecoin adoption
7.1 Investments Tether invested in EFY Finance to drive stablecoin adoption in Latin America, supporting cross-border payments and digital asset services in 17 countries. EFY Finance serves 25,000+ accounts and is licensed in El Salvador.
Tether has invested in EFY Finance during its seed funding round to accelerate institutional adoption of its stablecoins, USDT and USAT, across Latin America. EFY Finance, licensed as a Digital Asset Service Provider in El Salvador, offers infrastructure for cross-border payments, accounts, digital asset custody, OTC trading, wallets, and cards. The platform supports more than 12 currencies and enables settlements in 17 countries. EFY Finance currently serves over 25,000 active individual and business accounts, operating in key markets such as Bolivia, Colombia, Mexico, El Salvador, Panama, and Ecuador. Tether’s investment aims to strengthen regulated infrastructure connecting stablecoins with banks, businesses, and institutional users. This move supports EFY Finance’s regional expansion and the broader adoption of stablecoin-based financial services throughout Latin America. The investment amount was not disclosed.
