Tether announced it has acquired Parfin, a Latin American digital asset custody and blockchain solutions provider, to accelerate institutional adoption of its USDT stablecoin in the region. Parfin offers services including custody, tokenization, and blockchain settlement for banks, credit markets, and trade finance. The acquisition builds on Tether’s strategy to integrate blockchain infrastructure into institutional finance in Latin America, improving efficiency for cross-border payments, asset tokenization, and financial operations. The purchase price was not disclosed.