Tether Invests in LatAm Crypto Infrastructure Firm Parfin to Boost USDT Among Institutions

Core Insights - Tether has invested in Parfin, a Latin American crypto firm focused on building digital asset infrastructure for institutions, aiming to enhance blockchain operations for banks and institutions [1][2] - This investment is part of Tether's strategy to expand its presence in emerging markets and promote the use of USDT for cross-border payments and asset tokenization [2] - The partnership indicates Tether's shift from being primarily a retail-focused stablecoin issuer to engaging more with the institutional layer of crypto finance [2] Company Overview - Parfin provides tools for custody, tokenization, and blockchain-based settlement specifically designed for financial institutions [3] - The services offered by Parfin target areas such as trade finance, credit markets, and institutional payments, where Tether aims to increase the adoption of USDT as a settlement asset [3]