On November 20, Tether, known for its USDT stablecoin, detailed its investment in Parfin through an official blog post, targeting enhanced blockchain access for institutions.
Parfin serves as a digital asset platform, facilitating custody, tokenization, and trading, thus equipping financial institutions with the necessary tools for blockchain innovation.
This move by Tether reflects a significant trend towards the integration of stablecoins in the financial sector.
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