Tether Backs EFY Finance to Expand Stablecoin Payments in 17 Latin American Markets
JH Kim
Summary
- Tether said it is backing EFY Finance to expand stablecoin payment infrastructure across Latin America.
- Tether said it plans to broaden stablecoin-based financial services in 17 Latin American markets through EFY Finance.
- The two companies said they plan to broaden the foundation for stablecoin adoption in Latin America, focusing on services including on- and off-ramps and custody.
Forecast Trend Report by Period
Tether, the issuer of the world’s largest stablecoin, is backing EFY Finance to expand stablecoin payment infrastructure across Latin America.
Cointelegraph reported on October 13 that Tether plans to broaden stablecoin-based financial services in 17 markets across Latin America through EFY Finance.
The main areas of cooperation include stablecoin payments, custody, and on- and off-ramp services that convert between fiat currencies and digital assets.
The two companies plan to use those services to broaden the foundation for stablecoin adoption across the region.
JH Kim
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