Tether backs EFY Finance to expand stablecoin use

• Tether has invested in EFY Finance to support institutional stablecoin adoption across Latin America.
• The partnership targets financial institutions seeking to use stablecoins for payments and financial operations.
• The investment extends Tether’s push to expand USDT use in regional financial markets.

Tether has invested in EFY Finance’s seed funding round to expand institutional use of USD₮ and USA₮ across Latin America.

EFY Finance provides cross-border payments, digital asset custody and local settlement services across 17 countries.

“Across Latin America, the US dollar is a lifeline against inflation and capital controls,” said Tether CEO Paolo Ardoino.

EFY Finance supports more than 25,000 active individual and business accounts and offers services across more than 12 currencies and payment corridors.

The company provides wallets, cards, over-the-counter services and on- and off-ramp infrastructure for USD₮ and USA₮.

EFY Finance holds a Digital Asset Service Provider licence in El Salvador and has an established presence in Bolivia, Colombia, Mexico, Panama and Ecuador.

Latin America recorded nearly $1.5 trillion in cryptocurrency transaction volume between July 2022 and June 2025, according to Chainalysis figures.

Following the announcement, Tether’s USD₮ (USDT) was trading at $0.9993.