Tether Backs Bolivian Fintech Peso in Pre-Seed Round

Tether has led a pre-seed funding round in Bolivian fintech Peso, aiming to expand stablecoin payment infrastructure across four Latin American markets. According to an announcement by Tether, the investment will support Peso's operations in Bolivia, Brazil, Colombia, and Argentina.

Expanding Stablecoin Payments

Peso connects stablecoin payments to merchant services and local banking networks. The fintech has already integrated USDT payments into Yango’s food delivery service in Bolivia, allowing customers to pay for orders using the stablecoin. Additionally, Peso offers QR payments, point-of-sale services for merchants, and virtual accounts linked to Bolivia’s banking system through ACH transfers. Tether did not disclose the financial size of its investment.

Market Context in Bolivia

The funding comes as Bolivia increasingly turns to stablecoins amid a prolonged US dollar shortage and high inflation that began following the abandonment of its longstanding currency peg in June. Businesses have increasingly accepted USDT for purchases as foreign currency access tightened. In November 2025, the Bolivian government announced plans to integrate cryptocurrencies and stablecoins into the financial system, and subsequently considered a regulatory framework in July 2026 to recognize USDT for payments, savings, and trade alongside the boliviano and the US dollar.

Key facts

• Tether led a pre-seed funding round in Bolivian fintech Peso.
• The expansion covers Bolivia, Brazil, Colombia, and Argentina.
• Peso integrated USDT payments into Yango’s food delivery service in Bolivia.
• Services include QR payments, point-of-sale systems, and virtual accounts connected via ACH transfers.
• The investment size was not disclosed by Tether.