Tether backs Peso to expand USDT payment infrastructure in Latin America

The stablecoin issuer led a pre-seed round in the Bolivian startup as it pushes into Brazil, Colombia, and Argentina 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. 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.

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