Tether has officially led a pre-seed funding round for Peso, a Bolivian financial technology company building payment infrastructure powered by the USDT stablecoin. The investment is earmarked for expanding Peso’s payment network across four key Latin American markets: Bolivia, Brazil, Colombia, and Argentina.
The amount of funding provided by Tether in this pre-seed round was not publicly disclosed. However, the funding’s focus is directed squarely at everyday transaction integrations, ranging from food orders to physical merchant checkout counters.
From Food Delivery to Bank Accounts
Peso’s services are already integrated into the Yango food delivery app in Bolivia. Through this system integration, customers can pay for food orders directly using their USDT balances.
Beyond delivery apps, Peso’s infrastructure is designed to handle in-person transactions for merchants. The company provides QR code payment features for direct transactions, as well as distributing point-of-sale (POS) terminals to brick-and-mortar store owners.
The bridge to the formal financial system is handled through virtual accounts. This service connects directly to Bolivia’s national banking network via ACH interbank transfers, enabling users and businesses to transfer funds between digital wallets and local bank accounts.
Why Is Stablecoin Adoption Surging in Bolivia?
Tether and Peso’s expansion comes amid a surge in stablecoin adoption across Bolivia. Demand for US dollar-pegged cryptocurrencies has climbed sharply due to a physical shortage of US dollar cash and rising inflation, following the local government’s decision to unpeg the national currency’s fixed exchange rate in June 2026.
The Bolivian government itself paved the way for digital asset integration in November 2025 by permitting the banking sector to offer crypto custody services. That policy was reinforced in July 2026 when local authorities drafted new regulations recognizing the use of USDT for commercial transactions and savings deposits.
Microcredit and Daily Transactions Without Physical Dollars
USDT transaction infrastructure in Bolivia is not driven by Peso alone. In the lending sector, lending platforms Tala and El Dorado have partnered to disburse microcredit facilities in USDT leveraging the Tempo blockchain network.
For consumers and small business owners in Bolivia, the availability of these diverse payment rails provides a practical solution when physical US dollar cash is scarce in the domestic market. From Yango order payments and physical checkout terminals to transfers into national bank accounts, USDT has turned into a direct transaction tool for daily economic needs.
Reported via Cointelegraph.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
