Tether Backs Peso to Accelerate Stablecoin Merchant Point-of-Sale Infrastructure

TL;DR Tether led a funding round for Peso, a Bolivian fintech developing USDT-based financial services and payment solutions across Latin America. The investment will support the expansion of merchant payment infrastructure, virtual accounts, and conversions between stablecoins and local currencies. Peso operates in Bolivia, Brazil, Colombia, and Argentina, and already allows users in Bolivia to pay for food orders with USDT through the Yango app. Tether led a pre-seed funding round for Peso, a Bolivian fintech developing infrastructure for USDT payments across Latin America. The investment aims to encourage the use of the stablecoin in retail businesses, digital platforms, and financial services. The company did not disclose the investment amount.

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