Tether has invested in Parfin to drive institutional USDT adoption across Latin America, expanding onchain settlement and accelerating regional stablecoin use.
The investment will help Parfin expand its onchain settlement tools and strengthen stablecoin infrastructure that is already driving institutional crypto use in LATAM.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.
) as an institutional settlement rail for high-value activities, including cross-border payments, real-world asset tokenization, and credit markets tied to trade finance, commercial invoices and card receivables. Founded in 2019, Parfin builds infrastructure for institutions to custody, tokenize and transact digital assets. In October, the company secured officialin Argentina as a virtual asset service provider and was recognized by the country’s financial regulator. It has been operating in Brazil Tether CEO Paolo Ardoino said the investment reflects the company’s “belief in Latin America as one of the global powerhouses for blockchain innovations.” 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.from Chainalysis, Latin America has emerged as a leading crypto hub. From July 2022 to June 2025, the region saw nearly $1.5 trillion in crypto transactions. Brazil leads with $318.8 billion in crypto inflows, nearly a third of all LATAM activity, while Argentina follows with $93.9 billion.One of the major drivers of crypto adoption in Latin America is the search for protection against inflation. Argentina, for example, has battled with, and in September it suffered a run on the peso that forced the country’s central bank to spend over $1 billion. Stablecoins have proven to be one solution to the problem. A report from Mexico-based crypto exchange Bitso in March saidAs the CEO of crypto exchange Bybit’s Latin American division told Cointelegraph in October, “Crypto is actually changing the lives of people” in the region.Bitcoin slump to $86K brings BTC closer to ‘max pain’ but great ‘discount’ zone
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