Tether Leads Funding Round for Bolivian Fintech Peso to Grow USDT Payments Across Latin America

Tether has led a pre seed round in Peso, a Bolivian fintech that lets people pay with USDT through food delivery apps and local banking networks. The money will help the company push into Bolivia, Brazil, Colombia and Argentina, including services that link USDT to local currencies through banks and merchant payment systems. The size of the investment was not disclosed. In Bolivia, Peso has built USDT payments into Yango’s food delivery service, so customers can settle orders with the stablecoin. It also offers QR payments, point of sale tools for merchants and virtual accounts tied to the Bolivian banking system through ACH transfers.

Why Bolivia Is Turning to Stablecoins

Since 2025, Bolivia has leaned more on stablecoins because of a long US dollar shortage and high inflation. Some businesses began accepting USDT as foreign currency grew harder to get. In November 2025, the government announced plans to bring crypto and stablecoins into the financial system, including digital asset custody and crypto-linked products at banks. In July 2026, it began weighing a legal framework that would recognize USDT for payments, savings and trade alongside the boliviano and the US dollar.

Other USDT Services Growing in Bolivia

Peso is not alone. On Tuesday, lending platform Tala partnered with El Dorado to offer credit inside its digital wallet. Eligible users can receive and repay loans in USDT on the Tempo blockchain.