Tether invests in EFY Finance to boost stablecoin use in LATAM

Tether has written another check in Latin America. This time it went to EFY Finance, a regional financial infrastructure provider built around stablecoin services. On October 13, 2026, Tether announced it had participated in EFY Finance’s seed funding round. The goal is to push institutional adoption of its USD₮ (USDT) and USA₮ (USAT) tokens for cross-border payments and other financial services across the region. Tether did not disclose how much it put in. What EFY Finance actually does The company offers on-ramp and off-ramp services, which let users convert between local currencies and stablecoins. It also runs OTC trading, meaning large over-the-counter trades handled directly rather than through a public exchange order book. EFY also provides wallets and cards. EFY services more than 25,000 accounts, covering both individuals and businesses. It provides local settlement infrastructure in more than 17 countries and supports more than 12 different currencies. Its key operating markets include Bolivia, Colombia, Mexico, El Salvador, Panama, and Ecuador. EFY also holds a Digital Asset Service Provider (DASP) license in El Salvador, which gives it a formal regulatory footing when p...