On October 13, Tether announced its participation in the seed round financing of EFY Finance to promote the application of USDT and USAT in the institutional sector. This investment aims to strengthen the infrastructure connection between Latin American stablecoins and the traditional financial system. EFY Finance is a financial infrastructure company that provides stablecoin-based cross-border payment, account services, and digital asset custody for the Latin American market. The company offers fiat acceptance infrastructure for USDT and USAT, over-the-counter trading services, wallets, and bank cards, supporting more than 12 currencies and cross-border payment channels, with settlement capabilities to local accounts in 17 countries. EFY Finance has obtained a Digital Asset Service Provider (DASP) license in El Salvador and currently provides regulated services to over 25,000 active individual and business accounts.
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Tether Announces Investment in EFY Finance's Seed Round for Latin American Stablecoin Payment Infrastructure
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