Panama-based fintech EFY Finance has secured a strategic investment from Tether as part of its Seed funding round, although the financial terms were not disclosed. The announcement, published on October 13, 2026, marks a new chapter in a relationship that began as a partnership between the two companies. EFY Finance now joins Tether's investment portfolio with a strengthened mandate to build stablecoin infrastructure for businesses operating across Latin America.
Strategic Investment Formalizes Growing Partnership
EFY Finance and Tether had already been working together as partners with a shared vision for financial infrastructure and the potential of stablecoins to transform business operations. The new investment does not alter the company's purpose but strengthens its ability to execute against that vision. Tether's CEO, Paolo Ardoino, described the gap EFY Finance is positioned to close by bringing the US dollar within easier reach across Latin America.
Stablecoins as a Financial Lifeline in Latin America
Across Latin America, the US dollar functions as a critical hedge against inflation and capital controls. EFY Finance is positioned to close the gap by bringing the dollar within easier reach for businesses and individuals throughout the region. Stablecoins have already become part of the region's financial infrastructure, and the challenge now is making them work seamlessly with the financial systems companies use every day.
Platform Capabilities and Regional Reach
EFY Finance provides infrastructure for cross-border payments, digital asset custody, and stablecoin accounts, allowing businesses and individuals to convert traditional currencies into stablecoins, access digital wallets and cards, and settle payments through local bank accounts. The company holds a Digital Asset Service Provider license in El Salvador and serves more than 25,000 active individual and business accounts. Its platform supports more than 12 currencies and payment corridors, with local settlement available in 17 countries.
Use of Funds to Deepen Institutional Access
With the fresh capital, EFY Finance plans to expand institutional access to Tether's stablecoin offerings and strengthen the connections between stablecoins, banks, and payment networks. The investment will also support the continued development of enterprise and institutional stablecoin use cases across Latin America. Co-founder and CEO Andrés Tobón said having Tether as a strategic investor provides an exceptional collaborator to accelerate that vision.
Accelerating a Shared Vision for Financial Infrastructure
The investment strengthens EFY Finance's ability to accelerate the development of its infrastructure, expand its solutions, and continue advancing enterprise and institutional stablecoin use across Latin America. It marks a new chapter for a vision the two organizations were already building together. Most importantly, it allows the company to keep doing what it does best: listening to businesses, understanding how they are evolving, and building around what they actually need.
What Comes Next for EFY Finance
EFY Finance's goal remains clear: enable businesses to operate internationally through financial infrastructure that is simpler, more efficient, and more connected. The company will continue expanding its capabilities, connecting markets, and developing new solutions for businesses that think globally. Its vision remains unchanged, but the new backing provides greater capacity to take that vision further.
Tether's investment in EFY Finance represents a strategic alignment between a global stablecoin issuer and a regional fintech focused on practical financial infrastructure. While the Seed round amount remains undisclosed, the partnership is expected to accelerate stablecoin adoption among businesses and institutions across Latin America. EFY Finance joins the Tether portfolio with an unchanged vision and a stronger platform to build what is next.