Tether backs Peso to expand USDT payment infrastructure in Latin America

Tether has led a pre-seed funding round in Peso, a Bolivian fintech startup building payment infrastructure around USD₮ across Latin America. The size of the check was not disclosed. The investment was announced on October 21, 2026. It lands as Peso begins stepping outside its home market of Bolivia and into three of the region’s larger economies: Brazil, Colombia, and Argentina. What Peso actually does Users get app-based USD₮ accounts that handle saving, spending, investing, and sending money across borders. In Bolivia, Peso links into the domestic banking system through QR codes and ACH networks, letting users shift funds between stablecoins and local bank balances. Peso has also integrated USD₮ payments into Yango, a digital services platform operating in Bolivia. That means users can pay for food delivery and other services in the stablecoin. What the executives are saying Tether CEO Paolo Ardoino framed the deal as an attempt to set a “new standard” for stablecoin solutions. Peso CEO Alejandro Terán said the investment shines a light on Bolivian talent and is aimed at making it smoother for people to spend USD₮. Part of a broader Latin America push In September 2026, Tether b...