Tether Invests in LatAm Crypto Firm Parfin to Boost USDT Use

Tether has announced its investment in Parfin, a Latin American crypto infrastructure firm, aiming to enhance the adoption of its stablecoin USDT among institutions in the region. This strategic move is designed to facilitate blockchain-based operations for banks and financial institutions, thereby increasing the functionality of crypto infrastructure in areas with restricted financial services. By supporting the development of tools for custody and blockchain settlement, Tether believes it can drive more use of USDT in critical sectors like trade finance and institutional payments. The investment underlines Tether's intention to expand its influence in emerging markets, marking a transition from its traditional role focused largely on retail users to a broader institutional engagement within the cryptocurrency landscape.

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