Tether has made investment in Parfin, a Latin America–focused digital asset infrastructure provider, as demand for institutional stablecoin use continues to rise across the region. The move aims to support broader adoption of USD₮ in high-value financial operations, including global settlement, tokenized assets, and credit-based markets.
Parfin offers custody, tokenization, trading, and asset-management tools designed for institutional environments. Its platform, including the Rayls blockchain infrastructure, provides regulated entities with a secure framework to explore blockchain-based financial operations. The company has positioned itself as a key enabler of regional digital-asset growth, emphasizing compliance, privacy, and user-friendly infrastructure.
Tether said the investment aligns with its long-term strategy to strengthen the link between traditional finance and blockchain systems. The company views USD₮ as a foundational settlement asset for institutions handling cross-border flows, real-world asset (RWA) tokenization, and yield-generating credit markets. These include trade finance receivables, commercial receivables, and other asset-backed credit products commonly used across emerging markets.
Tether CEO Paolo Ardoino said the partnership reflects growing confidence in Latin America’s blockchain ecosystem. He noted that expanding institutional access to settlement tools like USD₮ supports broader financial inclusion and operational efficiency. Ardoino pointed to Latin America as a “global powerhouse” for blockchain innovation, driven by rising adoption and evolving regulatory frameworks.
Parfin CEO Marcos Viriato said the investment validates the company’s vision of bringing institutional financial infrastructure on-chain. He highlighted the importance of secure, compliant tokenization frameworks as global banks and asset managers explore blockchain-based settlement and asset operations.
The collaboration comes as stablecoin usage in Latin America accelerates. According to Chainalysis’ 2025 Geography of Cryptocurrency Report, the region recorded nearly $1.5 trillion in crypto transaction volume. Institutional activity accounted for a significant share of that growth, supported by regulatory reforms that encourage participation from banks, fintechs, and payment providers.
Growing interest in onchain settlement has also been driven by macroeconomic instability, complex cross-border flows, and demand for more efficient payment rails. USD₮ has become a preferred digital dollar in several Latin American markets, where businesses and institutions use stablecoins for treasury management, hedging, and international payments.
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