Why did Tether invest in Peso?

Tether invested in Bolivian fintech Peso to support the expansion of USDT (CRYPTO:USDT) payment services across Latin America, including payments for food delivery, retail transactions and cross-border transfers.

What are the financial details of Tether’s investment in Peso?

Tether led a pre-seed funding round for Peso, but the announcement did not disclose the investment amount or Peso’s valuation.

What are the job and headcount details of Peso’s expansion?

Peso’s expansion plans involve developing stablecoin payment services across Latin America, but the announcement did not specify planned hires, employee numbers or job cuts.

What are the timelines for Peso’s expansion?

Peso plans to expand its USDT (CRYPTO:USDT) payment infrastructure beyond Bolivia into Brazil, Colombia and Argentina, although the announcement did not provide specific launch dates.

What markets will Peso target with Tether’s backing?

Peso plans to expand USDT (CRYPTO:USDT) payment services from Bolivia into Brazil, Colombia and Argentina, extending access to stablecoin payments across additional Latin American markets. Tether is backing the expansion through its investment in the fintech.

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Tether backs Peso to expand USDT payments across Latin America

Escrito por Isaac FrancisPublicado Oct 21, 2026, 11:48 PM

Tether is backing Bolivian fintech Peso to expand USDT payment services across Latin America.
Peso connects stablecoin payments with food delivery, QR transactions and virtual banking accounts.
The investment supports plans to expand Peso’s services into Brazil, Colombia and Argentina.

Tether has backed Bolivian fintech Peso in a pre-seed funding round to expand USDT payments across Latin America.

Peso connects Tether (USDT) payments with retail services, e-commerce, food delivery and banking infrastructure.

“This aligns with our goal to promote financial inclusion,” Tether CEO Paolo Ardoino said in a statement.

Peso users in Bolivia can order food through Yango and pay directly with USDT inside the app.

Peso also offers QR payments and virtual accounts that connect stablecoin balances with Bolivia’s banking system through QR and ACH networks.

The funding will support Peso’s expansion across Bolivia, Brazil, Colombia and Argentina, including local channels for converting between stablecoins and national currencies.

Peso’s app provides a global USDT account for saving, spending, investing and sending money across borders, alongside merchant payment services.

Following the announcement, USDT remained designed to maintain a value of US$1.

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