Tether Invests In Parfin To Expand Latin America Presence 

Tether, the entity behind USDT, has announced an investment in Parfin, a digital asset platform based in London and Rio de Janeiro. The investment is part of a strategic move to expand USDT’s reach in Latin America. 

Latin America is a burgeoning crypto hub, driven by the need for inflation hedges and improved financial access. 

Tether Announces Parfin Investment 

Tether has announced an investment in Parfin, a London and Rio de Janeiro-based digital asset platform. The strategic investment is designed to expand USDT’s reach within the Latin American institutional market and promote broader on-chain settlement across the region. Tether stated that the investment underscores its commitment to positioning USDT as an institutional settlement solution for high-value activities such as cross-border payments, real-world asset tokenization, and credit markets associated with trade, finance, and commercial invoices. 

Parfin provides infrastructure for institutions, enabling them to custody, tokenize, and transact with digital assets. It received its official registration in Argentina as a virtual asset service provider in October and has operated in Brazil since 2020. Tether CEO Paolo Ardoino stated that the investment highlights the company’s belief in Latin America’s position as a global powerhouse for blockchain innovation. 

“At Tether, we believe in global, unrestricted access to financial freedom and real-world digital asset use cases. Parfin has shown a strong commitment to bridging this gap. This investment also reflects our belief in Latin America as one of the global powerhouses for blockchain innovations.”

Latin America’s Evolving Crypto Market 

Regulations in Latin America have expanded to accommodate institutional participation in crypto. This has created an opportunity for platforms that can bridge the gap between traditional finance and blockchain technology. Tether’s investment allows it to capitalize on this momentum as institutions explore tokenization and blockchain-based settlement systems. The investment also allows Tether to strengthen infrastructure supporting blockchain adoption in a region with nearly $1.5 trillion in crypto transaction volume. Marcos Viriato, chief executive officer of Parfin, stated, 

“Tether’s investment is a strong validation of our vision to accelerate the integration of tokenization applications and USDT into our institutional-grade blockchain and digital assets solutions.”

Crypto Adoption In Latin America 

According to a report by Chainalysis, Latin America has become a hub for cryptocurrency activity, processing nearly $1.5 trillion in crypto transactions between July 2022 and June 2025. Brazil leads the way with over $318 billion in crypto inflows, followed by Argentina with $93 billion. One of the biggest drivers of adoption in Latin America is the need for protection against runaway inflation.