Crypto News: Tether Invests Heavily in Parfin to Accelerate USDT Adoption Across Latin America
The post Crypto News: Tether Invests Heavily in Parfin to Accelerate USDT Adoption Across Latin America appeared on BitcoinEthereumNews.com.
Tether backs Parfin for institutional USDT adoption in Latin America. This boosts global payments and asset tokenization in a dynamic region. Global stablecoin issuer Tether has announced a major investment. The target of the funding is Latin American digital assets platform Parfin. This move is aimed at accelerating the adoption of USDT in institutions there. Furthermore, the partnership will increase high-value use cases. This is a huge leap for financial technology in the region. Key Partnership to Drive Real-World Asset Tokenization This strategic investment is a strong representation of Tether’s core commitment. The goal is getting financial firms to take advantage of USD₱. They want to utilize it as a main settlement asset. In particular, this is the case for very high-value financial actions. Parfin offers strong digital asset infrastructure solutions. In fact, their platform has custody and sophisticated trading tools. Asset management is also available with the company. In addition, they provide Rayls on-chain settlement capabilities. Related Reading: Bitcoin News: Tether Invests in Ledn to Fuel Global Bitcoin-Backed Lending Expansion | Live Bitcoin News The new collaboration aims at several specific high-value use cases. Global payments and transactions are a huge focus. Additionally, the advance of real-world asset tokenization is being made. This will create new opportunities for investments. After that, the partnership’s pursuit is yield-bearing credit markets. This includes important trade finance receivables. Commercial receivables are also in the scope. Credit card receivables form a part of this new initiative. Parfin serves as an important catalyst to financial transformation. Therefore, it provides institutions with the required digital asset tools. They can explore the blockchain technology potential in safety. This is the way to foster responsible financial innovation. Paolo Ardoino is the current Chief Executive Officer of Tether. He made this comment on this forward-looking investment. “We believe in…
