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Stablecoin giant Tether has expanded its presence in Latin America through an investment in Parfin, a London-based fintech company that offers digital asset custody, tokenization, trading, and blockchain infrastructure services in the region.

Tether’s investment in Parfin will be used to accelerate the adoption of USDT for institutional use cases and enhance blockchain-based settlement solutions across Latin America, the USDT issuer said in its November 20 announcement.

The investment also reflects Tether’s broader strategy of supporting real-world financial applications built on digital asset infrastructure and is in line with its long-term commitment to advancing financial access and innovation in emerging markets.

The Latin American market has recorded nearly $1.5 trillion in cryptocurrency transaction volumes between 2022 and 2025, primarily driven by institutional demand and a supportive regulatory environment that continues to evolve.

According to Tether CEO Paolo Ardoino, Tether views Latin America among the “global powerhouses for blockchain innovations,” which makes its investment in Parfin a strategic step toward bolstering its role in the region’s financial transformation.

“At Tether, we believe in global, unrestricted access to financial freedom and real-world digital asset use cases. One way to achieve this is to strengthen the bridge between traditional finance and blockchain technology, enabling easier access for individuals and institutions. Parfin has shown a strong commitment to bridging this gap,” Ardoino said in an accompanying statement.

Founded in 2019, Parfin is a web3 infrastructure provider that equips financial institutions with the tools to manage digital and traditional assets securely.

The firm has developed Rayls, a permissioned, EVM-compatible blockchain designed to enable compliant and private on-chain workflows while maintaining cross-chain interoperability.

Beyond Parfin, Tether has made investments in various other companies across the region, spanning sectors such as crypto exchanges, cross-border payments, and agriculture.

This year alone, the stablecoin issuer led funding rounds for Mansa, a Colombian fintech focused on stablecoin-based cross-border payments, and Orionx, a Chilean crypto exchange expanding into Peru, Colombia, and Mexico. 

It has also established a dedicated investment arm, dubbed Tether Investments, which is regulated under the laws of El Salvador.

Earlier this year, Tether acquired a majority stake in the agricultural conglomerate Adecoagro, which operates across Argentina, Brazil, and Uruguay.

Tether has expanded its strategic investment portfolio well beyond stablecoins, making bets on frontier technologies, digital infrastructure, and financial services across the globe. 

That strategy appears to be paying off, as reflected in its financial results released last month, where the company posted a $10 billion year-to-date profit, while its exposure to United States Treasuries reached a record $135 billion.

At the same time, Tether has been actively expanding its role in global financial enforcement through its involvement in T3, a consortium formed alongside TRON and blockchain analytics firm TRM Labs.

While it has contributed as part of this alliance, Tether has also acted independently in several major enforcement efforts, most recently in Thailand, where it helped authorities seize $12 million in USDT linked to a transnational scam network.

Through T3 and its direct efforts, Tether has now assisted law enforcement across 59 jurisdictions, helping freeze over $300 million in illicit funds and blocking more than 3,600 wallets connected to criminal activity.

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