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Tether Backs Peso to Expand USDT Payments Across Four Latin American Countries

The investment will help Peso expand USDT payments through banks, merchants and consumer apps as Bolivia faces a prolonged dollar shortage.

  • On Wednesday, Tether announced it led a pre-seed funding round in Peso, a Bolivian fintech, to expand stablecoin payment infrastructure across Bolivia, Brazil, Colombia, and Argentina.
  • Bolivia has increasingly turned to stablecoins since 2025 amid a prolonged USD shortage, with businesses accepting USDT after the country abandoned its currency peg in June.
  • Peso offers QR payments, point-of-sale services, and virtual accounts linked to Bolivia's banking system through ACH transfers, while integrating USDT into Yango's food delivery service.
  • On Tuesday, lending platform Tala partnered with Dorado to offer credit directly through a digital wallet, allowing customers to receive and repay loans in USDT on the Tempo blockchain.
  • The government began considering a regulatory framework in July to recognize USDT for payments and trade, building on November 2025 plans to integrate cryptocurrencies into the national financial system.
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Crypto Briefing broke the news on Wednesday, October 21, 2026.
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