The investment is part of Tether’s broader push to expand stablecoin settlement and tokenization tools among institutions across Latin America, the firm said.
Tether Invests in LatAm Crypto Infrastructure Firm Parfin to Boost USDT Among Institutions
The investment is part of Tether’s broader push to expand stablecoin settlement and tokenization tools among institutions across Latin America, the firm said.
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ICE also made a strategic investment in OKX at a valuation of $25 billion.
The company recently walked away from multi-billion dollar acquisition talks with Mastercard, instead opting to remain independent.
The funding round was led by Bain Capital Crypto and included contributions from Lightspped Faction and Galaxy Ventures
The position marks one of the largest known bitcoin allocations by a U.S. university endowment.