Tether has led a pre-seed funding round in Bolivian fintech Peso to expand USDT payments across Bolivia, Brazil, Colombia, and Argentina. The investment will support payment infrastructure connecting the stablecoin with local currencies, banking networks and merchant services, including food delivery and digital financial accounts.
The investment amount and financial terms were not disclosed. Tether said the funding would help Peso expand its services across four Latin American markets. The development comes as businesses explore stablecoin payments to manage transactions and access dollar-linked value amid financial infrastructure and foreign currency challenges.
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Peso Connects USDT Payments With Local Banking
Peso has integrated USDT payments into Yango’s food delivery service in Bolivia, allowing customers to pay for orders using the stablecoin. The company’s services include QR payments, POS for merchants, and virtual accounts that connect to the country’s banking system via automated clearing house (ACH).
The services allow connecting digital currencies to other payment channels rather than limiting their application solely to crypto exchanges. Customers can pay in USDT for selected services, while merchants will get one more payment channel. The future expansion of the company is expected in Brazil, Colombia, and Argentina, though the dates have not been disclosed yet.
The investment emphasizes the significance of payment infrastructure in adopting stablecoins. Companies require special services connecting digital currencies to local currencies, banks, and merchants. The expansion of Peso will depend on the successful creation of such infrastructure in every country.
Stablecoin Adoption Grows Across Latin America
Ripple’s report on October 14 gives the broader context of the growth of USDT payments. The results of a survey among 160 finance decision-makers from Mexico and Brazil show that 69% of those respondents use stablecoins as a means of payment or plan to do so in two years, compared with 54% of the respondents globally.
Another result of this survey is the opinion of the financial institutions in Latin America about stablecoins: 65% expect that stablecoins will be the default currency in cross-border payments, compared with 47% globally. The reasons mentioned include low operating costs, the ability to use dollar-denominated assets, and 24/7 clearing.
However, another interesting result of the survey is the opinion of the financial institutions about the regulation of the sector: 48% consider regulatory clarity as the biggest issue for financial institutions, while 39% of all respondents view the complexity of compliance as the main barrier for digital asset adoption.
Dollar Shortages Drive Bolivia’s Stablecoin Demand
There have been prolonged shortages of the US dollar, in addition to inflationary tendencies, leading individuals and firms to consider other ways of carrying out transactions and accessing US dollar value. The stablecoin USDT maintains parity with one US dollar, although there are risks involved in terms of issuers, custodian risks, liquidity risk, and regulatory risk.
In November 2025, the Bolivian government indicated intentions to introduce cryptos and stablecoins to its economy, including digital asset custodian services and crypto financial services via banks. Additionally, in July 2026, the government proposed a framework that would enable the use of USDT for payments, savings, and business transactions along with the boliviano and the US dollar.
Cryptos and stablecoins are also being considered for wider business purposes. On October 20th, the lending firm Tala announced a partnership with El Dorado whereby they would be lending funds through their mobile wallet, where eligible clients would get the loan and repay it using USDT on the Tempo blockchain.
Tether Investment Targets Wider Payment Access
Investment by Tether in Peso injects funds into initiatives aimed at tying stablecoins to basic financial services. Merchants and businesses have an alternative channel for processing supported transactions through these mechanisms. The usability of these solutions will be determined by transaction fees, convertibility of coins, access to banks, and payment channels.
The next stage will involve Peso’s expansion across its four target markets. The company has not announced detailed rollout dates, adoption targets, or the number of merchants expected to join. Local regulatory requirements and banking partnerships will also influence how quickly its services reach new customers.
The important point for the regional market is that the use of stablecoins has now come to include payment networks, merchant services, and bank accounts in addition to transfers of digital assets. Financial support in expanding services by Tether and the survey carried out by Ripple show clear interest in stablecoins in conjunction with compliance challenges.
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