[Digital Today reporter Yoonseo Lee] Tether has made a pre-seed investment in Bolivian fintech Peso.

Cointelegraph, a blockchain media outlet, reported on Oct. 21 (local time) that the investment will be used to expand Peso’s USDT-based payment infrastructure to Bolivia as well as Brazil, Colombia and Argentina.

Peso runs a service that links stablecoin payments to local commerce and banking systems. Tether said the funds will be used to expand infrastructure that connects USDT to local currencies through bank and merchant payment systems. It did not disclose the size of the investment.

Peso has integrated USDT payments with Yango, which runs a food delivery service in Bolivia. Users can pay for orders with stablecoins. It provides merchants with QR payments and in-store payment terminals, and also supports virtual accounts linked to the Bolivian banking system. These accounts operate through the automated clearing house (ACH) system.

The investment comes as USDT-based financial services increase rapidly in Bolivia. Lending platform Tala also announced on Oct. 20 a partnership with El Dorado to provide loans directly through digital wallets. Eligible customers can receive and repay loans in USDT on the Tempo blockchain.

Demand for stablecoins has grown in Bolivia as dollar shortages that began in 2025 and high inflation persist. As access to foreign currency has become more difficult, some companies have begun accepting USDT for product purchases. Against this backdrop, the government has been reviewing ways to bring cryptocurrencies and stablecoins into the regulated financial system.

The Bolivian government is also pushing to overhaul regulations. In November 2025, it laid out a plan to integrate cryptocurrencies and stablecoins into the financial system, including allowing banks to provide digital-asset custody and crypto-linked financial products. In July 2026, it began reviewing a regulatory framework to recognise USDT for use in payments, savings and trade alongside the boliviano and the dollar.

Peso’s business model goes beyond simply introducing crypto payments. It focuses on widening real-world payment channels by linking USDT to local currencies, banking networks and merchant payment networks. Tether said the investment is meant to support the expansion of stablecoin payment infrastructure, and Peso has already connected food delivery, offline merchant payments and bank transfers.

That leaves a key question of how quickly Peso can build the same structure in the three countries outside Bolivia. If regulatory overhauls and integration with local banking networks align, USDT could become more deeply established as a payment and savings tool in some South American markets.

Tether Invests in Peso to Expand USD₮ Payment Infrastructure Across Latin America Read more: https://t.co/RE6LFFzlNt