21 October 2026 – Tether, the largest company in the digital asset industry, led the pre-seed round in Peso, a Bolivian fintech company that provides access to payments, savings, and investments across Latin America. The investment aims to help Peso expand access to fast, low-cost, stablecoin-powered payments in the region while accelerating the use of USD₮ in everyday transactions across retail, institutions, e-commerce, food delivery, ride-hailing, and banking rails.
Peso provides a global USD₮ account that lets users save, spend, invest, and send money across borders from a single app. The company also brings USD₮ payments into the digital services people use every day, starting with Yango, a digital services platform operating in Bolivia, where users can now order food and pay in USD₮ directly in the app. In addition, Peso offers point-of-sale acceptance and virtual accounts in the user’s own name that connect USD₮ directly to the full Bolivian banking system via QR and ACH rails, enabling users to move seamlessly between stablecoins and local fiat.
The investment aligns with Tether’s broader mission to bridge the gap between traditional finance and digital assets by supporting platforms that address real-world financial challenges with stable, liquid, blockchain-powered payment solutions. In doing so, Tether aims to advance the global use of stablecoins and make them more practical and accessible.
