Tether Invests in Parfin to Expand USDT Adoption in Latin America
- Tether has invested in Parfin, a digital asset platform based in London and Rio de Janeiro, to enhance USDT’s institutional use in Latin America.
- Parfin, founded in 2019, provides infrastructure for institutions to custody and transact digital assets and recently registered as a virtual asset service provider in Argentina.
- Tether’s USDT is the largest stablecoin globally, with a market cap of approximately $183.73 billion, contributing to a total stablecoin market cap of around $303.2 billion.
- From July 2022 to June 2025, Latin America recorded nearly $1.5 trillion in crypto transactions, with Brazil leading at $318.8 billion.
- Stablecoins like USDT are increasingly used by Latin Americans as protection against inflation and for daily payments due to banking system gaps.
The investment reflects Tether’s strategy to solidify its position as an institutional settlement option for high-value activities across Latin America, where crypto adoption is rapidly increasing due to economic instability.
With Brazil accounting for nearly one-third of all LATAM crypto activity at $318.8 billion, Tether’s push into this region highlights the growing importance of stablecoins as financial solutions.(Source)
