Tether Partners with Parfin to Promote Institutional Blockchain Adoption in Latin America
Tether's Investment in Parfin: Tether has made a strategic investment in Parfin, a leading digital asset platform in Latin America, to enhance the adoption of USDT for high-value financial operations and strengthen its focus on institutional markets.
Transforming Institutional Workflows: The investment aims to position USDT as a core settlement asset for institutional workflows, facilitating modern processes like cross-border transactions and tokenization of real-world assets, thereby reducing costs and friction.
Parfin's Role in Blockchain Adoption: Parfin is recognized for its secure and scalable platform that supports institutional-grade digital asset operations, aligning with Tether's mission to bridge traditional finance and blockchain technology.
Impact on LATAM's Financial Landscape: Tether's collaboration with Parfin is expected to enhance blockchain adoption in Latin America, making USDT a key component of the region's institutional digital asset infrastructure and influencing settlement processes across various financial entities.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
