Tether backs Peso to expand USD₮ payments across Latin America

Tether said on 21 October 2026 that it led the pre-seed round in Peso, a Bolivian fintech, to expand USD₮-based payment infrastructure across Latin America. The company said the investment is intended to broaden access to faster, lower-cost stablecoin payments and support everyday use cases spanning retail, e-commerce, food delivery, ride-hailing and banking rails. According to Tether’s announcement dated 21 October 2026, Peso offers a global USD₮ account that allows users to save, spend, invest and send money across borders from a single app. The company also said it has integrated USD₮ payments into Yango, a digital services platform operating in Bolivia, allowing users to order food and pay in USD₮ directly in the app.

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