Tether has invested in EFY Finance, a Latin American financial infrastructure firm licensed in El Salvador, to promote the use of its stablecoins USDT and USA₮ for cross-border payments and financial services. EFY Finance supports over 25,000 accounts across more than 17 countries and 12 currencies, providing services like currency conversion, OTC trading, wallets, and cards. This partnership aims to enhance institutional adoption of stablecoins in the region, leveraging EFY's regulatory license and broad market coverage. This move follows Tether's earlier $20 million investment in Argentine neobank Ualá, signaling a broader push into Latin America.
Tether's investment in EFY Finance to promote stablecoin use in Latin America provides context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's snapshot as of Oct 13, 2026 20:51 WIB: out of 50 major cryptocurrencies priced on Pluang, 7 rose and 42 fell. Notable movers include AXS at Rp20.498 with a 1-day change of -7.42% and a typical hold time of 62 days, ZIL at Rp61 with a -7.41% change and 133 days hold time, and COTI at Rp224 with a -6.48% change and 121 days hold time. Pluang order activity shows AXS is 2% Sell / 98% Buy, ZIL is 82% Sell / 18% Buy, and COTI is 78% Sell / 22% Buy.
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