Cryptoupdated 54m ago2 min read
Tether Leads Pre-Seed Round In Bolivia’s Peso To Expand USDT Payments Across Latin America
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Tether led Peso's pre-seed round in Bolivia. Peso integrates USDT payments through food delivery apps and local banking networks.
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Tether backs Peso
Tether led a pre-seed funding round in Bolivian fintech Peso to expand USDT payments across Latin America, with the investment announced on Wednesday without disclosing the amount, the size of its stake, or the valuation it assigned to Peso. Tether said the funding would help Peso extend its stablecoin payment infrastructure beyond Bolivia into Brazil, Colombia and Argentina, and the company framed the move as building payment plumbing rather than a consumer rollout.
Peso already wired USDT into Yango's food delivery service in Bolivia, letting customers settle orders in the stablecoin, and Peso also runs QR code payments and point-of-sale terminals for merchants. Peso also offers virtual accounts that connect to Bolivian banks through ACH transfers, linking USDT settlement to the country's banking network.
Policy backdrop in Bolivia
Bolivia's stablecoin push sits against a dollar shortage and persistent inflation since 2025, and the sources say businesses began accepting USDT for purchases as access to foreign currency tightened. The government moved in November 2025 to fold cryptocurrencies and stablecoins into the financial system, including permission for banks to offer digital asset custody and crypto-linked financial products.
In July 2026, Bolivia began weighing a framework that would recognize USDT for payments, savings and trade alongside the boliviano and the dollar, but the sources say the framework has not been finalized and USDT has not been granted legal tender status. EFY Finance said Tether's investment was aimed at strengthening international payment solutions for Bolivian companies that face difficulties accessing foreign currency and transferring resources to foreign suppliers, and EFY said it already processes more than $1.5 million monthly in operations in the country.
USDT use expands
Tether's Peso bet also lands alongside other USDT-linked services in Bolivia, including Tala's partnership with digital wallet El Dorado to offer loans directly through the wallet, with eligible customers able to receive and repay credit in USDT on the Tempo blockchain. Tether's announcement describes Peso as connecting USDT payments with services for merchants and local banking networks, including QR payments, point-of-sale services for merchants, and virtual accounts linked to Bolivia's banking system through ACH transfers.
“Peso is building the kind of everyday-spend infrastructure that turns USD₮ from a savings tool into a payments channel people rely on daily.”
Paolo Ardoino, CEO of Tether, said, "Peso is building the kind of everyday-spend infrastructure that turns USD₮ from a savings tool into a payments channel people rely on daily," positioning the investment as a step toward making USD₮ practical for everyday use. Alejandro Terán, CEO and Co-Founder of Peso, said, "Latin Americans are already using USD₮; what was missing was the infrastructure to spend it in everyday life without friction," and he tied the backing to Peso's goal to accelerate daily USD₮ account usage across the region.