October 13th 2026, 1:39 PM
Tether Bolsters Stablecoin Presence in LATAM with EFY Finance Investment
Key Summary
Tether has invested in EFY Finance, a regional financial infrastructure provider, to boost stablecoin adoption in Latin America. The partnership aims to push institutional use of USDt and USAe tokens for cross-border payments and financial services. EFY Finance offers on-ramp and off-ramp services, OTC trading, and wallets, covering over 17 countries and 12 currencies.
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Background
Tether has written another check in Latin America. This time it went to EFY Finance, a regional financial infrastructure provider built around stablecoin services.The Deal
On October 13, 2026, Tether announced it had participated in EFY Finance's seed funding round. The goal is to push institutional adoption of its USDt and USAe tokens for cross-border payments and other financial services across the region.What EFY Does
The company offers on-ramp and off-ramp services, which let users convert between local currencies and stablecoins. It also runs OTC trading, meaning large over-the-counter trades handled directly rather than through a public exchange order book. EFY also provides wallets and cards.Regulatory Treatment
Regulatory treatment of stablecoins varies widely across the countries where EFY operates, and a license in El Salvador does not automatically smooth the path in Bolivia or Colombia.#Tether#EFYFinance#LATAM#Stablecoins#CryptoInfrastructure