Tether Powers Bolivian Fintech for USDT Food Delivery and Banking

Tether Leads Pre-Seed Funding for Bolivian Fintech Peso

Tether, the issuer of the USDT stablecoin, has spearheaded a pre-seed funding round for Bolivian fintech company Peso. The investment is intended to fuel Peso’s expansion across four key Latin American markets, where it facilitates stablecoin payments by integrating with merchant services and local banking networks.

In an announcement on Wednesday, Tether stated that the investment will bolster Peso’s stablecoin payment infrastructure throughout Bolivia, Brazil, Colombia, and Argentina. This expansion includes services designed to bridge USDT with local currencies via banking and merchant payment systems.

Peso has already integrated USDT payments into Yango’s food delivery service in Bolivia, enabling customers to settle orders using the stablecoin. The fintech also offers QR code payments, point-of-sale solutions for merchants, and virtual accounts linked to Bolivia’s banking system through ACH transfers. The specific amount of Tether’s investment was not disclosed.

Growing Stablecoin Adoption in Bolivia

Peso’s expansion occurs as other fintech firms also broaden their USDT-based financial services within Bolivia. Just a day prior, lending platform Tala announced a collaboration with El Dorado to provide credit directly through digital wallets. This partnership allows eligible customers to receive and repay loans in USDT on the Tempo blockchain.

Bolivia has seen a significant increase in the adoption of stablecoins since 2025, driven by a persistent shortage of U.S. dollars and high inflation. Businesses have increasingly begun accepting USDT for purchases as access to foreign currency has become more challenging.

In November 2025, the Bolivian government unveiled plans to incorporate cryptocurrencies and stablecoins into its financial system. These plans included provisions for banks to offer digital asset custody and crypto-linked financial products.

Subsequently, in July 2026, the government began exploring a regulatory framework that would recognize USDT for payments, savings, and trade, positioning it alongside the national currency, the boliviano, and the U.S. dollar. This proposal emerged as Bolivia grappled with a prolonged dollar shortage following the abandonment of its long-standing currency peg in June, which consequently fueled demand for dollar-denominated alternatives like USDT.