Tether, the company behind the world’s largest stablecoin USDT said Thursday it has invested in Parfin, a Latin American crypto firm that builds digital asset infrastructure for institutions.
The firm said the deal will help scale tools for banks and institutions to move more of their operations onto blockchain rails, a shift Tether sees as critical for making crypto infrastructure more practical and accessible in regions with limited financial infrastructure. The firms did not disclose details of the investment.
The investment is part of Tether’s larger push to deepen its footprint in emerging markets and expand the real-world use of USDT for cross-border payments and asset tokenization. The partnership also signals that Tether, long seen primarily as a retail-focused stablecoin issuer for emerging market users, is now pushing deeper into the institutional layer of crypto finance.
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