Tether backs Peso to expand USDT payments across four Latin American countries

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. Summary Tether has led an undisclosed pre-seed investment in Bolivian fintech Peso to expand USDT payment services. Peso enables customers to pay for Yango food deliveries in Bolivia using the dollar-pegged stablecoin. The company connects stablecoin wallets with local bank transfers, QR payments and merchant payment terminals. Funding will support Peso’s operations in Bolivia, Brazil, Colombia and Argentina. The investment follows Tether’s recent backing of other payment providers serving Latin American markets. According to Tether’s October 21 announcement, the investment will support Peso’s operations in Bolivia, Brazil, Colombia and Argentina, with funding directed toward payment infrastructure, merchant services and local currency conversion. Tether backs Peso’s expansion into everyday USDT payments Peso operates a financial application that allows customers to hold USDT, transfer funds internationally, make purchases and access savings and investment s...