Tether said it led a pre-seed investment round in Peso, a Bolivian fintech that provides crypto-based savings, payments and investment services. The source gives no date for the announcement or amount invested.
Peso’s infrastructure supports USDT payments on Yango and through point-of-sale terminals that connect USDT payments with bank accounts. Tether said the funding would support Peso’s plans to expand its terminals and local ways to convert between crypto and fiat in Bolivia, Brazil, Colombia and Argentina; that expansion is not reported as complete.
