The partnership leverages EFY Finance’s existing infrastructure, which currently services over 25,000 active individual and business accounts. By integrating digital asset custody, payment cards, and over-the-counter trading, the firm functions as a critical nexus connecting conventional banking networks with blockchain-based liquidity. While financial terms of the deal remain undisclosed, the move underscores Tether’s strategic push to embed its assets into the daily operations of Latin American businesses.
EFY Finance, which operates under a Digital Asset Service Provider license in El Salvador, plans to use the infusion to bolster its cross-border settlement capabilities. CEO Andrés Tobón noted that the priority remains creating seamless pathways for companies to move funds between traditional bank accounts and digital wallets. This approach directly addresses systemic regional challenges such as currency volatility and strict capital controls, which have driven a massive surge in crypto-asset adoption. According to Chainalysis, the region saw nearly USD 1.5 trillion in cryptocurrency transactions between July 2022 and June 2025, with stablecoins frequently outpacing Bitcoin in utility for daily commerce.
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