Tether backs Bolivian fintech Peso to integrate USDT payments into food delivery and banking

Tether led a pre-seed funding round in Bolivian fintech Peso to support its expansion across Latin America, enabling USDT payments through food delivery apps like Yango and local banking networks in Bolivia, Brazil, Colombia, and Argentina. Peso offers QR payments, point-of-sale services, and virtual accounts linked to Bolivia’s banking system via ACH transfers. This move addresses Bolivia's prolonged US dollar shortage and aligns with the government's plans to integrate stablecoins like USDT into the financial system, which began consideration in July 2026.