Bolivian Fintech Peso Secures Tether Investment to Expand USDT Payment Solutions for Food Delivery and Financial Services
Peso plans to use the funding to grow operations in four countries throughout Latin America, integrating stablecoin technology with merchant payment systems and regional banking infrastructure.
A pre-seed funding round for Bolivian fintech company Peso has been spearheaded by Tether, with the capital directed toward enabling USDT payment capabilities via food delivery platforms and regional banking infrastructure, facilitating the firm's growth throughout Latin American markets.
According to an announcement made on Wednesday, Tether revealed that the capital injection will facilitate Peso's geographic expansion of its stablecoin payment infrastructure throughout Bolivia, Brazil, Colombia and Argentina, encompassing solutions that bridge USDT with regional fiat currencies via banking infrastructure and merchant payment networks.
The fintech company Peso has successfully incorporated USDT payment functionality into the Yango food delivery platform operating in Bolivia, enabling users to settle their meal orders using the stablecoin. The company provides QR code-based payment solutions, merchant-facing point-of-sale infrastructure and virtual account services that integrate with Bolivia's banking ecosystem via ACH transfer mechanisms. The specific amount of Tether's financial commitment was not made public.
This financial backing arrives as additional fintech enterprises broaden their USDT-powered financial service offerings within Bolivia. The lending platform Tala revealed on Tuesday a collaborative arrangement with El Dorado designed to deliver credit services directly within the digital wallet application, providing qualified users the ability to obtain and settle loans denominated in USDT on the Tempo blockchain.
Bolivia turns to stablecoins amid US dollar shortage
Since 2025, Bolivia has progressively adopted stablecoins in response to an extended scarcity of US dollars and elevated inflation rates, with commercial enterprises starting to accept USDT as payment for goods and services as obtaining foreign currency became increasingly challenging.
During November 2025, government officials unveiled intentions to incorporate cryptocurrencies and stablecoins within the nation's financial infrastructure, including authorizing banking institutions to provide digital asset custody services and financial products linked to cryptocurrencies.
Following this development, the government began evaluating a regulatory framework in July 2026 designed to grant official recognition to USDT for payment transactions, savings vehicles and commercial trade alongside the boliviano and US dollar.
This regulatory proposal emerged as Bolivia grappled with an extended dollar scarcity following the abandonment of its long-established currency peg in June, driving increased demand for dollar-denominated alternatives like USDT, according to Cointelegraph's reporting in July.