Tether leads Peso pre-seed round to expand USDT payment rails in Latin America
Tether has led the pre-seed financing round of Bolivian fintech company Peso, backing a push to expand fast, low-cost stablecoin payment services across Latin America. The company said the funding is intended to speed up everyday USDT use across retail, institutional, e-commerce, food delivery, ride-hailing and banking channels. Peso offers global USDT accounts and lets users handle savings, spending, investing and cross-border remittances through a single app. The company has also partnered with Yango, a digital services platform operating in Bolivia, allowing users to pay for food orders in-app with USDT. In addition, Peso provides virtual accounts opened in users’ own names and POS acceptance services, linking USDT directly to Bolivia’s banking system through QR codes and ACH rails for conversion between stablecoins and local fiat currency. Tether CEO Paolo Ardoino said Peso is building payment infrastructure that can move USDT from a savings tool into a channel people use every day. Peso CEO and co-founder Alejandro Terán said the investment will accelerate the company’s product roadmap and let users in Latin America open accounts within minutes and use USDT in daily transactions.
