Tether Backs Parfin to Accelerate Institutional Crypto in Latin America

Tether has announced a strategic investment in Parfin, a Latin American platform specializing in digital asset custody, tokenization, trading, and management. The partnership aims to accelerate USD₮ adoption for institutional use cases across the region.

Tether Invests in Parfin to Accelerate Institutional Use Cases of Digital Assets in LATAM
Learn more: https://t.co/a6e0HvlYTt

— Tether (@Tether_to) November 20, 2025

The investment enables financial institutions to leverage USD₮ as a core settlement asset. Target applications include global transactions, real-world asset tokenization, and yield-bearing credit markets covering trade finance, commercial receivables, and credit card receivables.

Parfin provides institutions with tools to explore digital assets and blockchain technology within regulatory frameworks. The platform combines accessibility with institutional-grade precision, offering scalable solutions that comply with strict regulatory standards.

Tether’s Strategic Partnership for Financial Transformation

Paolo Ardoino, CEO of Tether, emphasized the company’s commitment to unrestricted financial access. He highlighted Parfin’s role in bridging traditional finance and blockchain technology for individuals and institutions.

This investment also reflects our belief in Latin America as one of the global powerhouses for blockchain innovations.

Ardoino stated.

Marcos Viriato, Chief Executive Officer of Parfin, confirmed the company’s pioneering position. Parfin has developed its platform and Rayls infrastructure to bring the global financial system on-chain securely and compliantly.

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

Viriato said.

The collaboration positions both companies to expand blockchain-based settlement systems across Latin American financial institutions.

Latin America’s Growing Cryptocurrency Ecosystem

The Chainalysis 2025 Geography of Cryptocurrency Report documented nearly $1.5 trillion in cryptocurrency transaction volume across Latin America. This figure establishes the region among the most dynamic globally.

Institutional cryptocurrency usage drives significant growth in the region. Regulatory decisions have created an ecosystem enabling larger institutions to participate effectively in digital asset markets.

The transaction volume underscores Latin America’s potential for blockchain innovation. The region’s regulatory environment supports institutional participation in cryptocurrency markets, facilitating mainstream adoption.

Following the Tether-Parfin partnership announcement, attention turns to implementation across regional financial institutions. The collaboration provides infrastructure for institutions seeking blockchain-based settlement solutions.

Meanwhile, Tether continues expanding its product offerings beyond Latin America. On May 13, 2025, the company launched Tether Gold on Maxbit exchange in Thailand.

Tether Gold (XAU₮) Launches on Maxbit, Introducing Tokenized Gold to Thailand’s Digital Asset Market
Read more: https://t.co/DFLY33G3wm

— Tether (@Tether_to) May 13, 2025

Maxbit Digital Asset Co., Ltd became the first Thai crypto exchange offering access to Tether Gold. Each XAUT token represents ownership of one troy ounce of physical gold.

The XAUT listing provides Thai investors with a hedge against inflation and economic uncertainty. Thailand’s financial markets embrace digital innovation aligned with XAUT’s stability and long-term value proposition.

This listing introduces a globally recognized, gold-backed stablecoin that combines real-time asset verification with 24/7 market accessibility.

Tether stated.

Ardoino noted Thai citizens’ demand for asset-backed solutions to preserve value and achieve portfolio stability. The launch expands investment options and connects Thai investors with global opportunities.

Both developments demonstrate Tether’s expansion strategy across emerging markets. The company positions USD₮ and XAUT products for institutional and retail adoption in high-growth regions.