Tether backs Bolivian fintech bringing USDT payments to food delivery and banking
The investment will support Peso’s expansion across four Latin American markets, where it connects stablecoin payments to merchant services and local banking networks.
Fintech Peso, a Bolivian company that provides USDT payments through food delivery apps and banking networks, has secured investment from Tether to expand across Latin America. The pre-seed funding round, announced by Tether on Wednesday, will support Peso's growth in Bolivia, Brazil, Colombia, and Argentina. Peso has already integrated USDT payments into Yango's food delivery service in Bolivia, enabling customers to pay for orders using the stablecoin.
The fintech also offers QR payments, point-of-sale services for merchants, and virtual accounts linked to Bolivia's banking system via ACH transfers. The investment amount was not disclosed. This move comes as other fintech companies expand USDT-based financial services in Bolivia, driven by the country's increasing reliance on stablecoins amid a prolonged US dollar shortage and high inflation.
Bolivia has been exploring the integration of cryptocurrencies and stablecoins into its financial system, including a proposal for a regulatory framework recognizing USDT for payments, savings, and trade in 2026.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
