“Across Latin America, the US dollar is a lifeline against inflation and capital controls. USD₮ and USA₮ are how people access it, but doing so simply and reliably takes regulated infrastructure, banking connections, and real distribution. That is the gap EFY Finance is positioned to close, bringing the dollar within easier reach across the region,” said Paolo Ardoino, CEO of Tether.
“Stablecoins have already become part of the financial infrastructure of Latin America. The challenge now is making them work seamlessly with the financial systems businesses use every day. That means connecting digital dollars with bank accounts, local payment networks, cards, and cross-border settlement. That is the infrastructure we are building at EFY Finance. Having Tether as a strategic investor gives us an exceptional collaborator to accelerate that vision and expand institutional access to USD₮ and USA₮ across the region,” said Andrés Tobón, Co-Founder and CEO of EFY Finance.
Tether’s investment in EFY Finance reflects a broader shift already underway across Latin America. According to Chainalysis, the region recorded nearly $1.5 trillion in cryptocurrency transaction volume between July 2022 and June 2025, making it one of the most dynamic regions. Persistent inflation, currency volatility, and restrictive capital controls in several countries continue to drive demand for stablecoins as a stable store of value and a hedge against local macroeconomic risk. Stablecoin purchases now account for over half of all exchange purchases. As regulatory frameworks mature and licensed infrastructure strengthens, Latin America is proving what’s possible when stablecoins meet real financial infrastructure. Tether and EFY Finance are excited to be part of this evolution.
About USA₮
USA₮ is a U.S.-dollar-backed stablecoin issued by Anchorage Digital Bank N.A., a federally chartered bank, that Tether, the global leader in stablecoin technology, has supported to launch. Purpose-built to serve the U.S. market and designed to comply with U.S. regulatory standards, USA₮ will be the foundational rail for the next generation of American commerce, trade, and finance.
USA₮ underscores Tether’s commitment to driving dominance and leadership in the evolving digital asset economy. As part of the broader Tether ecosystem, USA₮ will set a new benchmark in the U.S. for utility-driven stablecoins designed to deliver long-term value, strong governance, and real-world applications.
Important Note:
USA₮ is not legal tender (as described in section 5103 of title 31, United States Code) and will not be issued, backed, approved, or guaranteed by the U.S. government. USA₮ is not subject to the insurance protections of the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC), or any other government agency.
The issuer of USA₮ is Anchorage Digital Bank, N.A.