Peso has raised a pre-seed round with Tether as lead investor, according to Odaily. The company is a fintech firm based in Bolivia that offers a USDT account combining savings, spending, investing, and cross-border transfers. It connects to Bolivia’s banking system through QR code payments and the ACH payment network, allowing users to convert between stablecoins and local fiat currency. Peso has also integrated USDT payments into the digital services platform Yango, where users can pay for food delivery orders directly inside the app. The new funding will be used to expand local fiat on- and off-ramp channels in Bolivia, Brazil, Colombia, and Argentina, while also building a merchant-facing POS acceptance network and virtual account infrastructure.
Peso has completed a pre-seed funding round led by Tether, according to Odaily.
Peso is a Bolivian fintech company that offers a USDT account covering savings, spending, investing, and cross-border transfers. The company connects with Bolivia’s banking system through QR code payments and the ACH payment network, supporting conversion between stablecoins and local fiat currency.
Peso has already integrated USDT payments into the digital services platform Yango, allowing users to pay for food delivery orders directly in the app.
The company said the new capital will be used to expand local fiat on- and off-ramp channels in Bolivia, Brazil, Colombia, and Argentina, and to build a merchant POS payment network and virtual account infrastructure.
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