Tether invested in EFY Finance’s seed funding round to expand institutional use of USDT and USA₮ in Latin America. The investment amount was undisclosed. EFY provides accounts, custody for digital assets, and local currency to stablecoin conversion services. The company already supports settlement to local bank accounts in 17 countries, including Bolivia, Colombia, Mexico, El Salvador, Panama, and Ecuador. This infrastructure enables businesses to receive cross-border payments directly into their local bank accounts.
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