Tether Leads Seed Pre-Round Financing for Fintech Company Peso to Expand USDT Applications in Latin American Payment Scenarios

Tether announced that it has led the seed pre-round financing for Bolivian fintech company Peso to expand USDT's payment infrastructure and daily transaction applications in Latin America. Peso provides global USD₮ accounts, enabling users to save, spend, invest, and conduct cross-border transfers, while connecting to Bolivia's banking system through channels such as QR codes and ACH. The funding will be used to expand local fiat-to-stablecoin exchange channels, merchant POS payment networks, and virtual account infrastructure. Tether CEO Paolo Ardoino stated that Peso is building daily consumption payment infrastructure, advancing USD₮ from a savings tool to a daily payment channel.