Tether Invests In Bolivian Fintech Peso To Expand USDT Payments
Summary
Tether led a pre-seed round in Bolivian fintech Peso to expand USDT payment infrastructure in Bolivia, Brazil, Colombia and Argentina. Peso offers USDT accounts, merchant point-of-sale payments and links to Bolivia’s banking system through QR and ACH arrangements, including USDT payments for Yango food orders. The investment amount was not disclosed. The announcement describes plans to grow local currency on- and off-ramps and merchant services, but provides no figures on customer use, payment volumes or transaction costs.
