Tether crypto expansion: EFY investment targets Latin American payments
Photo: AMBCrypto
Tether has invested in EFY Finance’s seed funding round to expand institutional use of USDT and USA₮ in Latin America. The company announced the investment on October 13 without disclosing its size. The backing targets the connections between stablecoins and everyday financial services, including bank accounts, cards, and cross-border payments. EFY already supports settlement to local accounts in 17 countries, giving Tether an established network to build on. Connecting digital dollars with local accounts Accounts, custody for digital assets and local currency to stablecoin conversion are services provided by EFY.
Source: AMBCrypto
