Tether is leading a pre-seed funding round for Bolivian fintech Peso, backing its plan to expand USDT payment services from Bolivia into Brazil, Colombia and Argentina. Peso has already integrated USDT with food-delivery platform Yango in Bolivia and connects the stablecoin with local fiat currency through bank networks and merchant payment systems. The investment amount was not disclosed.
For Peso, the funding is aimed at building more than another payment option. The company is expanding infrastructure that links dollar-denominated digital assets with bank accounts and offline merchants. Its services include QR-code payments, point-of-sale tools for merchants and virtual accounts connected to Bolivia’s banking system, with account funds processed through ACH transfers.
Peso adds USDT payments to Yango
Yango users in Bolivia can pay for food-delivery orders with USDT. Peso also provides merchants with QR-code and point-of-sale payment tools, seeking to place stablecoin transactions in everyday commerce rather than limiting them to transfers between crypto platforms.
The company’s virtual accounts are linked to the local banking system, allowing users to move funds between USDT and local currency. As Peso enters Brazil, Colombia and Argentina, bank connectivity, merchant acceptance and currency-conversion capabilities will be central to expanding its payment network.
More stablecoin services emerge in Bolivia
Peso’s financing comes as other fintech companies in Bolivia expand USDT-based services. On October 20, lending platform Tala announced a partnership with digital wallet El Dorado to offer embedded credit to eligible users. Customers can obtain loans directly through the wallet and repay them in USDT on the Tempo blockchain.
The products point to a broader range of uses for USDT in the country, extending beyond savings and remittances to food-delivery payments, merchant collections, digital accounts and credit services. For fintech companies, stablecoins can serve as an intermediary between dollar-denominated assets and local payment networks. Their use in those services still depends on bank access, local payment rules and the final regulatory treatment of stablecoin payments.
Dollar shortages increase demand for USDT
Since 2025, Bolivia has faced tight dollar supply and high inflation, increasing demand among businesses and consumers for dollar-denominated alternatives. As access to physical dollars has become more difficult, some merchants have begun accepting USDT for goods and services.
In November 2025, the Bolivian government announced plans to incorporate cryptocurrencies and stablecoins into the financial system. The proposals included allowing banks to provide digital-asset custody and offer financial products linked to crypto assets. By July 2026, regulators had also begun examining a framework covering whether USDT could be used alongside the boliviano and the US dollar for payments, savings and trade.
The policy discussion followed Bolivia’s June 2026 decision to abandon its long-standing exchange-rate peg. The change in the exchange-rate regime has increased attention on dollar-denominated assets and intensified discussion of USDT for payments and savings. Although the size of Peso’s new funding has not been disclosed, its expansion plans will depend directly on how Bolivia and other Latin American markets regulate stablecoin payments, bank connectivity and merchant settlement.