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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