Business · Companies · 3 hrs ago
Tether invests in EFY Finance to expand stablecoin services in Latin America
Tether invested in EFY Finance’s seed round to expand institutional use of USD₮ and USA₮ stablecoins in Latin America.
EFY Finance provides cross-border payments, accounts and digital-asset custody in the region.
Its services connect stablecoins with local banks and payment systems, including settlement to local accounts in 17 countries.
The company is licensed as a Digital Asset Service Provider in El Salvador and serves more than 25,000 active individual and business accounts.
The investment aims to strengthen regulated financial infrastructure as businesses seek ways to use digital dollars through familiar banking and payment services.
Inflation, currency volatility and capital controls in several countries have helped drive demand for stablecoins.
EFY plans to expand institutional access across the region, with a presence in countries including Bolivia, Colombia, Mexico, El Salvador, Panama and Ecuador.
Tether invested in EFY Finance as part of the company’s seed round to support institutional use of USD₮ and USA₮ in Latin America.
The investment is intended to strengthen infrastructure linking stablecoins with traditional financial services across the region.
EFY Finance provides stablecoin-based cross-border payments, accounts and digital asset custody in Latin America.
It offers services across more than 12 currencies and corridors, with settlement to local accounts in 17 countries.
The company says it serves more than 25,000 active individual and business accounts and is licensed as a Digital Asset Service Provider in El Salvador.
- Who
- Tether invested in EFY Finance, a financial infrastructure company.
- What
- Tether joined EFY Finance’s seed round to support institutional stablecoin use and related infrastructure.
- When
- 13 October 2026.
- Where
- Latin America, with EFY Finance services settling to local accounts in 17 countries.
- Why
- The investment aims to strengthen links between stablecoins and traditional financial services and expand institutional access to USD₮ and USA₮.
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- Investment
- Tether joined EFY Finance’s seed round
- Markets
- Latin America
- Settlement reach
- Local accounts in 17 countries
- Currencies and corridors
- More than 12
- Active accounts
- More than 25,000 individual and business accounts
What people are saying
Across Latin America, the US dollar is a lifeline against inflation and capital controls. USD₮ and USA₮ are how people access it, but doing so simply and reliably takes regulated infrastructure, banking connections, and real distribution. That is the gap EFY Finance is positioned to close, bringing the dollar within easier reach across the region
Stablecoins have already become part of the financial infrastructure of Latin America. The challenge now is making them work seamlessly with the financial systems businesses use every day. That means connecting digital dollars with bank accounts, local payment networks, cards, and cross-border settlement. That is the infrastructure we are building at EFY Finance. Having Tether as a strategic investor gives us an exceptional collaborator to accelerate that vision and expand institutional access to USD₮ and USA₮ across the region
Sources
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