Tether Partners with Parfin to Expand USDT Use in Latin American Markets

TLDR

• Tether’s investment in Parfin aims to boost USDT adoption in Latin American markets.
• Parfin’s regulated infrastructure supports Tether’s push for institutional blockchain use.
• Latin America has become a leading crypto hub with $1.5 trillion in transactions.
• Tether sees Latin America as a key region for blockchain innovation and financial growth.

Tether, the issuer of the world’s largest stablecoin, USDT, has made a strategic investment in Parfin, a digital asset platform operating in London and Rio de Janeiro. This partnership aims to deepen the usage of USDT in Latin America’s institutional markets. The collaboration is seen as an effort to position USDT as a reliable settlement asset for high-value activities, including cross-border payments, real-world asset tokenization, and various credit markets.

This move highlights Tether’s broader strategy to increase the institutional use of USDT in emerging markets, especially in regions with growing demand for stablecoins like Latin America. Parfin’s regulated digital asset infrastructure will enable secure, scalable blockchain solutions, making the partnership crucial for Tether’s expansion goals in the region.

Strengthening USDT’s Position in Latin America

The investment in Parfin aligns with Tether’s ongoing efforts to expand its presence in Latin America, a region that has seen significant growth in cryptocurrency adoption. In recent years, countries like Argentina and Brazil have turned to cryptocurrencies and stablecoins as a hedge against inflation and a solution to financial instability.

Paolo Ardoino, Tether’s CEO, mentioned that the company believes Latin America is a key area for blockchain innovation. With the infrastructure provided by Parfin, Tether aims to make USDT a prominent asset for institutional users in Latin America. By providing a stable and scalable digital currency, Tether looks to strengthen its role in cross-border payments, tokenized real-world assets, and trade finance.

Parfin’s Role in Tether’s Strategy

Parfin, a digital asset custody and trading platform, has been a pioneer in providing regulated infrastructure for digital asset operations in Latin America. The company operates in Brazil and, more recently, received official registration in Argentina as a virtual asset service provider. This regulatory approval in Argentina is a significant milestone that allows Parfin to offer secure blockchain solutions for financial institutions in the region.

The partnership between Tether and Parfin will leverage this regulated infrastructure to offer financial institutions a seamless, compliant way to integrate blockchain technology. The combination of Parfin’s infrastructure and Tether’s USDT stablecoin will help institutions use blockchain for a range of financial activities, such as trading, lending, and payments.

This collaboration is also expected to cater to the rising demand for digital asset solutions in Latin America, where many users turn to stablecoins to protect themselves against local currency depreciation.

Tether’s Global Expansion and Institutional Strategy

Tether’s investment in Parfin is part of a broader global expansion strategy. The company has been making key investments in other sectors, such as a potential one billion euro investment in German robotics firm Neura and an earlier investment in Bitcoin-backed lending platform Ledn. These moves suggest that Tether is committed to broadening its influence across multiple industries, especially within the digital asset and blockchain sectors.

Tether’s strategy involves positioning USDT as a settlement rail for large-scale institutional transactions, with particular focus on markets that need stable financial solutions, such as trade finance and credit markets. The Latin American region, with its growing cryptocurrency ecosystem and rising demand for alternative financial solutions, represents a prime market for Tether to expand its offerings.

A Key Market for Blockchain Innovation

The rise of cryptocurrencies in Latin America is notable. According to a report from Chainalysis, the region saw nearly $1.5 trillion in crypto transactions from July 2022 to June 2025. Brazil leads the way, accounting for almost a third of the region’s activity. Countries like Argentina have been at the forefront of using stablecoins as a store of value and a way to bypass the high fees of traditional remittance systems.

Tether’s investment in Parfin is a timely one, as Latin American countries continue to push for financial inclusion and stability in the face of inflation and economic uncertainty. By supporting the growth of blockchain infrastructure and stablecoin usage, Tether aims to capitalize on the region’s evolving financial landscape.

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