Bitcoin News Update: Tether Connects Conventional Finance and Blockchain Through Expansion in Latin America
- Tether invests in Parfin to boost USDT adoption in Latin America via custody, trading, and blockchain settlement tools. - The partnership targets cross-border payments, RWA tokenization, and institutional credit markets, aligning with Tether's finance-bridge mission. - Latin America's $1.5T crypto volume in 2025 positions the region as critical for scaling institutional blockchain solutions. - Tether's strategy counters regulatory shifts like Brazil's proposed stablecoin transaction tax, positioning USDT
Tether, the company behind the world's most widely used stablecoin, has strengthened its presence in Latin America by investing in Parfin, a local crypto infrastructure provider, to boost institutional uptake of its
This investment is part of Tether’s ongoing efforts to establish USDT as more than just a liquidity instrument for crypto trading platforms.
This development follows Tether’s previous investments in Bitcoin-collateralized lending platforms such as Ledn, where
Tether’s expansion in Latin America coincides with increasing regulatory attention in the area. For example, Brazil is considering applying its financial transaction tax (IOF) to stablecoin-based international payments,
Tether’s approach also reflects wider trends in the crypto-backed lending sector,
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