Tether Invests in EFY Finance to Expand Institutional USD₮ Use
Photo: TokenPost
Tether has invested in Latin American financial infrastructure company EFY Finance in a seed round to expand institutional use of its USD₮ and USA₮ stablecoins. The investment will support EFY Finance’s development of stablecoin-based cross-border payments, account services and digital-asset custody infrastructure. The effort is aimed at connecting stablecoins with traditional financial services for institutions operating across the region. EFY Finance currently offers USD₮ and USA₮ deposits and withdrawals, over-the-counter trading, wallet services and payment cards. Its local settlement network covers more than 12 currencies across 17 countries, giving businesses and individuals access to stablecoin-related financial services in multiple markets.
Source: TokenPost
