Home Tether Backs Parfin To Push Institutional USDT Adoption Across Latin America

Tether Backs Parfin To Push Institutional USDT Adoption Across Latin America

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Tether has invested in Parfin, a London- and Rio de Janeiro-based digital asset platform, to push USDT deeper into Latin America’s institutional market and expand onchain settlement across the region.

According to Tether, the investment underscores its push to position USDt as an institutional settlement rail for high-value activities, including cross-border payments, real-world asset (RWA) tokenization, and credit markets tied to trade finance, commercial invoices and card receivables.

Tether’s USDT is the largest stablecoin in the world, with a market cap of about $183.73 billion, according to DefiLlama data. The total market capitalization of all stablecoins is currently around $303.2 billion.

Tether’s investment, the size of which was not disclosed, comes a few days after it invested in Ledn, a Bitcoin-backed lending platform.

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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