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Tether has led a pre-seed funding round in Bolivian fintech Peso to expand USDT payments across four Latin American countries, including services that connect stablecoins with food delivery platforms and local banking networks.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n According to Tether\u2019s October 21 announcement<\/a>, the investment will support Peso\u2019s operations in Bolivia, Brazil, Colombia and Argentina, with funding directed toward payment infrastructure, merchant services and local currency conversion.<\/p>\n Peso operates a financial application that allows customers to hold USDT, transfer funds internationally, make purchases and access savings and investment services. The company connects digital dollar balances with conventional payment systems used by consumers and businesses.<\/p>\n In Bolivia, Peso has integrated USDT payments into Yango, allowing customers to order food and pay directly with the stablecoin through the delivery platform.<\/p>\n The integration is an existing service, according to Tether\u2019s announcement. However, neither company disclosed the number of transactions processed, participating restaurants or the value of payments completed through Yango.<\/p>\n Peso offers merchant-facing point-of-sale services and QR payments, alongside virtual accounts registered in customers\u2019 names. Through connections with Bolivia\u2019s banking system, users can move funds between USDT and local currency using automated clearing house transfers.<\/p>\n The company intends to develop those services across its four existing markets, concentrating on local deposit and withdrawal arrangements that allow businesses to accept stablecoin payments without operating exclusively within cryptocurrency platforms.<\/p>\n Tether did not disclose the amount invested, Peso\u2019s valuation or the identities of other participants in the financing.<\/p>\n Peso CEO and co-founder Alejandro Ter\u00e1n said the company\u2019s work focuses on making USDT available for routine purchases and international transfers.<\/p>\n \u201cLatin Americans are already using USD\u20ae; what was missing was the infrastructure to spend it in everyday life without friction,\u201d Ter\u00e1n said.<\/p>\n<\/blockquote>\n The planned expansion includes new connections between stablecoins and local financial institutions, allowing users to convert between digital dollars and national currencies.<\/p>\n According to Tether, the fintech will develop its payment terminal network and virtual account infrastructure while connecting settlement services across Bolivia, Brazil, Colombia and Argentina.<\/p>\n Tether CEO Paolo Ardoino described the investment as support for payment infrastructure that allows consumers to spend USDT beyond cryptocurrency trading and savings applications.<\/p>\n \u201cPeso is building the kind of everyday-spend infrastructure that turns USD\u20ae from a savings tool into a payments channel people rely on daily,\u201d Ardoino said.<\/p>\n<\/blockquote>\n The announcement identifies e-commerce, retail payments, ride-hailing and banking services among the sectors Peso intends to serve. It does not announce completed integrations with ride-hailing providers or additional commercial partners beyond Yango.<\/p>\n Tether has not provided transaction-cost comparisons or settlement benchmarks for Peso\u2019s existing services. The company\u2019s stated plans include developing payment connections that can operate alongside domestic banking systems.<\/p>\n Bolivia has seen growing interest in dollar-denominated digital assets amid restrictions on access to foreign currency and changes to the country\u2019s financial system.<\/p>\n A July proposal to recognize USDT<\/a> contemplated allowing the stablecoin to function as a payment option alongside the boliviano and U.S. dollar. The proposal did not itself establish USDT as legal tender.<\/p>\n In September, the country outlined tighter cryptocurrency oversight<\/a>, including plans for a supervisory framework covering virtual assets and measures addressing illicit capital movements.<\/p>\n The Central Bank of Bolivia\u2019s 2026 monetary program separately calls for stronger international reserves and changes to foreign exchange arrangements. The bank announced measures in September to make U.S. dollars available to financial institutions under its foreign exchange regulations.<\/p>\n Financial technology companies have continued developing products using stablecoins. On October 20, lending provider Tala announced a partnership<\/a> with El Dorado to provide eligible wallet users with credit disbursed and repaid in USDT on the Tempo blockchain.<\/p>\n The service is initially intended for Bolivia, with further Latin American expansion planned.<\/p>\n Peso joins other payment companies receiving investment from Tether as the stablecoin issuer finances infrastructure connecting USDT with local accounts and payment networks.<\/p>\n On October 13, Tether backed EFY Finance\u2019s expansion<\/a>, supporting a payment provider whose network reaches local accounts in 17 countries, including Bolivia, Colombia and Mexico.<\/p>\n A separate investment in Saber Money\u2019s payment operations<\/a> was announced on October 16, supporting plans to develop banking relationships and regulatory licenses across Asia-Pacific and the Gulf region.<\/p>\n In Argentina, Tether previously made a reported $20 million investment in digital bank Ual\u00e1 as part of its financing activities in Latin America.<\/p>\n\n\n
Tether backs Peso\u2019s expansion into everyday USDT payments<\/strong><\/h2>\n
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Peso connects USDT with banking and merchant services<\/strong><\/h2>\n
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Bolivia\u2019s stablecoin adoption grows amid dollar shortages<\/strong><\/h2>\n
Tether expands Latin American payments investments<\/strong><\/h2>\n