Tether has made an investment in the Latin American crypto infrastructure firm Parfin, aiming to increase the adoption of USDT among institutional investors. This strategic move is part of Tether’s broader initiative to strengthen its presence in the Latin American market. By partnering with Parfin, Tether seeks to leverage the firm’s expertise in the region’s cryptocurrency landscape. The investment aligns with Tether’s goal to enhance the accessibility and utility of its stablecoin, USDT, for institutions operating in Latin America. This collaboration is expected to facilitate growth in the use of USDT, promoting its integration into various financial services and products.
This update was auto-syndicated to Bpaynews from real-time sources. It was normalized for clarity, SEO and Google News compatibility.
