Tether leads pre-seed investment in Bolivia's Peso to expand USDT payments and cross-border transfers across Latin America.
DeFi & Yields ·
Tether led a pre-seed funding round in Peso, a Bolivian fintech company that offers stablecoin-powered payments, savings, and cross-border transfers across Latin America. The investment supports Peso's expansion of USD₮ infrastructure in the region, with the company currently operating in Bolivia, Brazil, Colombia, and Argentina. Peso enables users to access a global USD₮ account through a single app and has begun integrating stablecoin payments into everyday services, including food ordering via the Yango platform in Bolivia.
Peso's platform connects USD₮ directly to local banking systems through QR codes and ACH rails, allowing seamless movement between stablecoins and local currencies. The company also offers point-of-sale acceptance and virtual accounts, addressing the friction that has historically limited stablecoin use in retail and merchant transactions. Tether's investment is framed as advancing financial inclusion by making stablecoins more practical for daily spending rather than primarily as savings vehicles.
The investment amount remains undisclosed. Tether stated the funding will accelerate Peso's expansion of on and off-ramps in its active markets and support development of merchant-facing point-of-sale infrastructure and virtual account services, though specific timelines and targets for these initiatives have not been detailed.