Tether leads pre-seed round for fintech Peso, expanding USDT use in Latin American payments

October 21 — Tether announced it led the pre-seed funding round for Bolivian fintech company Peso to expand USDT payment infrastructure and everyday transaction use across Latin America. Peso offers global USD₮ accounts that let users save, spend, invest and make cross-border transfers, and connects to Bolivia's banking system through channels such as QR codes and ACH. The funding will be used to expand local fiat-to-stablecoin exchange channels, merchant POS payment networks and virtual account infrastructure. Tether CEO Paolo Ardoino said Peso is building everyday consumer payment infrastructure, advancing USD₮ from a savings tool into an everyday payment channel.