Tether invests in EFY Finance 14 October 2026Latin America Reporter: Matthew Challis
Image: Dee_karen/stock.adobe.com
Tether has invested in EFY Finance, a provider of stablecoin-based cross-border payments, as part of EFY’s seed round, in a bid to accelerate institutional use cases for Tether’s stablecoins, USDT and USAT.
Tether says the investment aims to strengthen the infrastructure connecting stablecoins to the TradFi system across LatAm.
EFY offers on and off-ramp infrastructure for USDT and USAT, OTC services, wallets, and cards across over 12 currencies and corridors, with settlement to accounts in 17 countries.
The company is also licensed as a Digital Asset Service Provider in El Salvador, and believes money should move at speed.
According to Tether, its investment is indicative of its “commitment to supporting the growth of regulated infrastructure that connects stablecoins with banks, businesses, and institutional users”.
Paolo Ardoino, CEO of Tether, says: “Across Latin America, the US dollar is a lifeline against inflation and capital controls.
“USDT and USAT 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.”
Andrés Tobón, co-founder and CEO of EFY Finance, adds: “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.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one digital assets news source this
year, make sure it is your free subscription to The Digital Assets Edge
Image: Dee_karen/stock.adobe.com 