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Tether leads pre-seed round in Bolivian fintech Peso to expand USDT payments

Tether has led an undisclosed pre-seed funding round in Bolivian fintech startup Peso to expand USDT payment infrastructure and banking integrations across Latin America.

Yellow Tether logo and wordmark against a black background.
Image: @CoinDesk

Stablecoin issuer Tether has led an undisclosed pre-seed funding round in Peso, a Bolivian fintech startup, according to reports from The Block and CoinDesk. The investment aims to accelerate the adoption and development of USDT payment infrastructure throughout Latin America.[1][2][3]

Peso provides USDT accounts, cross-border transfers, point-of-sale payment solutions, and virtual accounts linked to Bolivia's domestic banking system. The new capital will be used to support everyday stablecoin transactions, banking connections, and local on- and off-ramps across Bolivia, Brazil, Colombia, and Argentina.[2][3]

Key facts

  • Tether led an undisclosed pre-seed funding round in Bolivian fintech startup Peso.
  • The funding is directed toward expanding USDT payment infrastructure and everyday stablecoin payments across Latin America.
  • Peso offers USDT accounts, cross-border remittances, point-of-sale payments, and virtual accounts connected directly to Bolivia's banking system.
  • The investment will back banking integrations and local on- and off-ramps in Bolivia, Brazil, Colombia, and Argentina.

Sources · 3 sources

  1. CB

    Crypto BriefingArticle ·

    Tether backs Peso to expand USDT payment infrastructure in Latin America Tether's investment in Peso could reshape Latin America's financial landscape, challenging local currencies and regulatory frameworks. The post Tether backs Peso to expand USDT payment infrastructure in Latin America appeared first on Crypto Briefing .

    Open source
  2. TB

    The Block@TheBlockCoPost on X ·

    THE BLOCK: Tether has led an undisclosed pre-seed funding round in Bolivian fintech startup Peso to expand USDT payment infrastructure across Latin America. Peso offers USDT accounts, cross-border transfers, point-of-sale payments and virtual accounts connected to Bolivia's banking system. The funding will support local on- and off-ramps in Bolivia, Brazil, Colombia and Argentina.

    Open source
  3. CO

    CoinDesk@CoinDeskPost on X ·

    NEW: Tether has invested in Bolivian fintech Peso to expand USDT payments across Latin America. The funding will support everyday stablecoin payments and banking integration in Bolivia, Brazil, Colombia and Argentina. https://t.co/VCU0hkSwX5

    Open source