Tether backs EFY Finance's seed round to expand stablecoin payments in Latin America

What's the deal? Tether has invested in the seed round of EFY FinanceDealroom has a profile for this one. Try Dealroom →, a financial infrastructure company building stablecoin-based cross-border payments for Latin America. The deal, announced October 13, aims to push adoption of Tether's USDT and USAT stablecoins in the institutional sector.

What does EFY do? It provides fiat acceptance infrastructure for USDT and USAT, over-the-counter trading, wallets, and bank cards. The company supports more than 12 currencies and settles to local accounts in 17 countries.

Why now? EFY holds a Digital Asset Service Provider (DASP) license in El Salvador and serves more than 25,000 active individual and business accounts. The investment aims to strengthen the link between Latin American stablecoins and the traditional financial system.

The signal: Tether is extending its reach beyond issuing stablecoins into the regulated rails that move them. Backing regional infrastructure in markets like Latin America deepens its grip on how stablecoins connect to everyday banking.

Read more: cointime.ai

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