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Crypto

Tether invests in Bolivia fintech Peso to expand USDT payment infrastructure

Tether has made a pre-seed investment in Bolivian fintech Peso to expand USDT-based payment infrastructure. The funds will be used to widen Peso’s USDT payment network in Bolivia and extend it to Brazil, Colombia and Argentina, although the investment size was not disclosed. Peso links stablecoin payments to local commerce and banking systems and has integrated USDT payments with food delivery service Yango in Bolivia.

Crypto

BlackRock says AI agents may boost cryptocurrency demand, focus on bitcoin and stablecoins

BlackRock said the spread of artificial intelligence agents could increase demand for cryptocurrencies, as software rather than retail investors may become a major source of demand. It said card networks and ACH systems are built around human onboarding, are inefficient for micro-payments and can be slow to settle. It highlighted blockchain-based payment rails as suited to high-frequency, sub-cent machine-to-machine transactions, while distinguishing stablecoins for daily payments and bitcoin for long-term value storage.

Crypto

BlackRock says AI boom may boost new cryptocurrency demand

BlackRock said the spread of artificial intelligence could increase demand for cryptocurrencies. In a recent report, it said AI and crypto started in different fields but are increasingly converging through the financial system. It highlighted autonomous software that can plan and execute tasks and handle financial transactions, calling digital assets machine-suitable money. BlackRock said stablecoins could benefit from always-on payments and flagged potential new assets linked to computing resources.