News

Tether has decided to invest in the Brazilian IT company Parfin. Their collaboration aims to improve the digital asset infrastructure for institutional investors in Latin America. Parfin develops solutions for financial organizations, for example, systems for storing cryptocurrencies, management tools and platforms for various operations.

In Latin America, stablecoins are becoming more and more in demand, especially in countries where the national currency is not stable. USDT is often used for international transactions, transfers, and capital preservation. Tether's investment in Parfin should help create a more convenient environment for banks and other financial institutions in the region to use stablecoins.

Parfin specializes in creating basic tools for working with digital assets, offering technologies for secure storage, portfolio management and operations. The company cooperates with a wide range of financial institutions, helping them to integrate digital assets into their business processes. Their Rayls protocol provides instant calculations and supports the tokenization process of various assets.

The strategic cooperation is aimed at developing several key areas, including the creation of platforms for international payments, the expansion of the tokenized asset market and the organization of clearing operations in the credit markets. This is in line with Tether's overall strategy to expand the use of USDT beyond the crypto world, into the real sector.

This partnership can significantly accelerate the introduction of USDT into the financial infrastructure of Latin American countries, providing the region with more efficient and modern financial services.