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2 clusters · 7 sources · 8 days · First seen · Last updated

Tether expansion of stablecoin infrastructure in Latin Amier

Overview

Tether has initiated a series of investments to expand stablecoin payment infrastructure across Latin America. Initially, the USDT issuer invested in EFY Finance during its seed funding round to facilitate institutional access to stablecoin payments across 17 countries. This partnership aims to integrate USDT and USAT into commercial activities, including business settlements and transfers, by connecting digital assets with traditional banking systems.

Following this, Tether led a pre-seed investment round in the Bolivian fintech company Peso. This funding is intended to support Peso’s expansion into Bolivia, Brazil, Colombia, and Argentina, providing services such as QR payments and point-of-sale solutions. The expansion in Bolivia follows increased stablecoin adoption driven by high inflation and US dollar shortages, with the local government considering regulatory frameworks to recognize USDT for trade and savings.

Entities

Peso · Yango

Timeline

  1. [BUSINESS] 4 sources
    Tether invests in Bolivian fintech Peso to expand USDT infrastructure

    Tether has led a pre-seed investment in Bolivian fintech Peso to expand USDT payment infrastructure across Bolivia, Brazil, Colombia, and Argentina.

  2. [BUSINESS] 3 sources
    Tether invests in EFY Finance to expand stablecoin payments in Latin America

    Tether has invested in EFY Finance to expand stablecoin payment services and institutional access across 17 Latin American countries, integrating USDT into local banking and commercial settlement systems.

Sources

bitnewsbot.com · blockmedia.co.kr · criptoinforme.com · criptotendencias.com · crypto.news · neweconomy.jp · phocapblockchain.net