Tether invested in EFY Finance as part of its seed round, to push institutional use of USDT and USAT across Latin America. The amount was not disclosed.
EFY Finance offers stablecoin cross-border payments, accounts, custody, OTC, wallets and cards in 12+ currencies, settling to local accounts in 17 countries. It is licensed in El Salvador and serves 25,000+ active accounts, with a strong presence in Bolivia, Colombia, Mexico, El Salvador, Panama and Ecuador.
Latin America saw nearly $1.5T in crypto transaction volume from July 2022 to June 2025, per Chainalysis, and stablecoins now make up over half of exchange purchases there.
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