USDT rolls into Bolivia’s takeout lane as Tether backs Peso

Tether led an undisclosed pre-seed funding round in Bolivian fintech Peso, according to a Wednesday announcement, to support the company’s expansion across Latin America. The investment will help Peso expand its stablecoin payment infrastructure across Bolivia, Brazil, Colombia and Argentina, including services that connect USDT with local currencies through banking and merchant payment systems. Tether did not disclose the size of its investment.

Peso has integrated USDT payments into Yango’s food delivery service in Bolivia, allowing customers to pay for orders using the stablecoin. The fintech also offers QR payments, point-of-sale services for merchants and virtual accounts linked to Bolivia’s banking system through ACH transfers.

The investment comes as other fintech companies expand USDT-based financial services in Bolivia. On Tuesday, lending platform Tala announced a partnership with El Dorado to offer credit directly through the digital wallet, allowing eligible customers to receive and repay loans in USDT on the Tempo blockchain.

Bolivia has increasingly turned to stablecoins since 2025 amid a prolonged US dollar shortage and high inflation, with businesses beginning to accept USDT for purchases as access to foreign currency became more difficult. In November 2025, the government announced plans to integrate cryptocurrencies and stablecoins into the financial system, including allowing banks to offer digital asset custody and crypto-linked financial products.

The government subsequently began considering a regulatory framework in July 2026 that would recognize USDT for payments, savings and trade alongside the boliviano and US dollar. The proposal came after Bolivia abandoned its longstanding currency peg in June, fueling demand for dollar-denominated alternatives such as USDT, as Cointelegraph reported in July.