Tether backs Peso to expand USDT payments across four Latin American countries

cryptonews10-22 12:52

Tether has led a pre-seed funding round in Bolivian fintech Peso to expand USDT payments across four Latin American countries, including services that connect stablecoins with food delivery platforms ...

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href=https://crypto.news/tether-invests-peso-usdt-payments-latin-america/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tether has led a pre-seed funding round in Bolivian fintech Peso to expand USDT payments across four Latin American countries, including services that connect stablecoins with food delivery platforms ...</p>\n\n<a href=\"https://crypto.news/tether-invests-peso-usdt-payments-latin-america/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ICRC","symbol_name":"Bitwise CRCL Option Income Strategy 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stablecoin wallets with local bank transfers, QR payments and merchant payment terminals.Funding will support Peso’s operations in Bolivia, Brazil, Colombia and Argentina.The investment follows Tether’s recent backing of other payment providers serving Latin American markets.According to Tether’s October 21 announcement, the investment will support Peso’s operations in Bolivia, Brazil, Colombia and Argentina, with funding directed toward payment infrastructure, merchant services and local currency conversion.Tether backs Peso’s expansion","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"ICRC":"Bitwise CRCL Option Income Strategy ETF","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","CRCL":"Circle Internet Corp.","BK4107":"财产与意外伤害保险","CIR":"2倍做多CRCL ETF-Corgi","CCUP":"T-REX 2x Long CRCL Daily Target ETF","BK4117":"多元化保险","BLCK":"Corgi Crypto Infrastructure ETF","BKCH":"AdvisorShares Sabretooth ETF","IBLC":"iShares 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that connect stablecoins with food delivery platforms and local banking networks.\n\n\nSummary\n\n\n\nTether has led an undisclosed pre-seed investment in Bolivian fintech Peso to expand USDT payment services.\nPeso enables customers to pay for Yango food deliveries in Bolivia using the dollar-pegged stablecoin.\nThe company connects stablecoin wallets with local bank transfers, QR payments and merchant payment terminals.\nFunding will support Peso’s operations in Bolivia, Brazil, Colombia and Argentina.\nThe investment follows Tether’s recent backing of other payment providers serving Latin American markets.\n\n\n\nAccording to Tether’s October 21 announcement, the investment will support Peso’s operations in Bolivia, Brazil, Colombia and Argentina, with funding directed toward payment infrastructure, merchant services and local currency conversion.\nTether backs Peso’s expansion into everyday USDT payments\nPeso operates a financial application that allows customers to hold USDT, transfer funds internationally, make purchases and access savings and investment services. The company connects digital dollar balances with conventional payment systems used by consumers and businesses.\nIn Bolivia, Peso has integrated USDT payments into Yango, allowing customers to order food and pay directly with the stablecoin through the delivery platform.\nThe integration is an existing service, according to Tether’s announcement. However, neither company disclosed the number of transactions processed, participating restaurants or the value of payments completed through Yango.\nPeso offers merchant-facing point-of-sale services and QR payments, alongside virtual accounts registered in customers’ names. Through connections with Bolivia’s banking system, users can move funds between USDT and local currency using automated clearing house transfers.\nThe company intends to develop those services across its four existing markets, concentrating on local deposit and withdrawal arrangements that allow businesses to accept stablecoin payments without operating exclusively within cryptocurrency platforms.\nTether did not disclose the amount invested, Peso’s valuation or the identities of other participants in the financing.\nPeso CEO and co-founder Alejandro Terán said the company’s work focuses on making USDT available for routine purchases and international transfers.\n\n“Latin Americans are already using USD₮; what was missing was the infrastructure to spend it in everyday life without friction,” Terán said.\n\n\nHappy to announce @peso_latam pre seed round led by @tether ! From 🇧🇴 to the 🌎 https://t.co/ropscqqKaw— 🌐 Alejo Terán (@0xAlejoTeran) October 21, 2026\n\nPeso connects USDT with banking and merchant services\nThe planned expansion includes new connections between stablecoins and local financial institutions, allowing users to convert between digital dollars and national currencies.\nAccording to Tether, the fintech will develop its payment terminal network and virtual account infrastructure while connecting settlement services across Bolivia, Brazil, Colombia and Argentina.\nTether CEO Paolo Ardoino described the investment as support for payment infrastructure that allows consumers to spend USDT beyond cryptocurrency trading and savings applications.\n\n“Peso is building the kind of everyday-spend infrastructure that turns USD₮ from a savings tool into a payments channel people rely on daily,” Ardoino said.\n\nThe announcement identifies e-commerce, retail payments, ride-hailing and banking services among the sectors Peso intends to serve. It does not announce completed integrations with ride-hailing providers or additional commercial partners beyond Yango.\nTether has not provided transaction-cost comparisons or settlement benchmarks for Peso’s existing services. The company’s stated plans include developing payment connections that can operate alongside domestic banking systems.\nBolivia’s stablecoin adoption grows amid dollar shortages\nBolivia has seen growing interest in dollar-denominated digital assets amid restrictions on access to foreign currency and changes to the country’s financial system.\nA July proposal to recognize USDT contemplated allowing the stablecoin to function as a payment option alongside the boliviano and U.S. dollar. The proposal did not itself establish USDT as legal tender.\nIn September, the country outlined tighter cryptocurrency oversight, including plans for a supervisory framework covering virtual assets and measures addressing illicit capital movements.\nThe Central Bank of Bolivia’s 2026 monetary program separately calls for stronger international reserves and changes to foreign exchange arrangements. The bank announced measures in September to make U.S. dollars available to financial institutions under its foreign exchange regulations.\nFinancial technology companies have continued developing products using stablecoins. On October 20, lending provider Tala announced a partnership with El Dorado to provide eligible wallet users with credit disbursed and repaid in USDT on the Tempo blockchain.\nThe service is initially intended for Bolivia, with further Latin American expansion planned.\nTether expands Latin American payments investments\nPeso joins other payment companies receiving investment from Tether as the stablecoin issuer finances infrastructure connecting USDT with local accounts and payment networks.\nOn October 13, Tether backed EFY Finance’s expansion, supporting a payment provider whose network reaches local accounts in 17 countries, including Bolivia, Colombia and Mexico.\nA separate investment in Saber Money’s payment operations was announced on October 16, supporting plans to develop banking relationships and regulatory licenses across Asia-Pacific and the Gulf region.\nIn Argentina, Tether previously made a reported $20 million investment in digital bank Ualá as part of its financing activities in Latin America.\nThe July investment in Ualá formed part of the bank’s $197 million fundraising round, which Allianz X led. Tether’s participation was reported separately from the round’s original announcement.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.0","shortVersion":"4.52.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2677593828","isCrawlerRequest":true}