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. 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.

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