Tether Leads Peso Pre-Seed financing, expanding Latin American USDT payment network

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Tether Investment Peso, expanding Latin American USDT payment and fiat on- and off-ramp networks

According to BlockBeats,October 21，Tether announced that it is leading the Pre-Seed financing round of Bolivian fintech company Peso, supporting its expansion of stablecoin payment infrastructure in Latin America and promoting the use of USDT in everyday settings such as retail, e-commerce, food delivery, ride-hailing, and bank payments.Peso offers an account that integrates savings, spending, investment, and cross-border transfers,USDT and, through QR codes and the ACH payment network, connects USDT to Bolivia's banking system, supporting conversion between stablecoins and local fiat currencies.Peso will also integrate USDT payments into the digital services platform Yango, where users can now directly use USDT to pay for food-delivery orders in the app.

The funds from this round will be used to expand Peso's local fiat on- and off-ramp channels in Bolivia, Brazil, Colombia, and Argentina, and advance the development of merchant-facing POS collection networks and virtual-account infrastructure.Tether CEO Paolo Ardoino stated that Peso is building infrastructure for everyday spending, transforming USDT from a savings tool into a payment channel users use every day.

Original link https://m.theblockbeats.info/flash/373016

Key points

BlockBeats reported that October 21，Tether announced that it is leading the Pre-Seed financing round of Bolivian fintech company Peso.
The financing is intended to support Peso in expanding stablecoin payment infrastructure in Latin America and promoting the use of USDT in settings including retail, e-commerce, food delivery, ride-hailing, and bank payments.
Peso provides an USDT account with savings, spending, investment, and cross-border transfer functions.
Peso Through QR codes and the ACH payment network, it connects USDT to Bolivia's banking system and supports conversion between stablecoins and local fiat currencies.
Peso has integrated USDT payments into Yango, and users can now use USDT to pay for food-delivery orders in the app.
The funds from this round will be used to expand Peso's local fiat on- and off-ramp channels in Bolivia, Brazil, Colombia, and Argentina, and build merchant POS collection networks and virtual-account infrastructure.
Tether CEO Paolo Ardoino stated that Peso is building infrastructure for everyday spending, transforming USDT from a savings tool into an everyday payment channel.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This investment targets practical use cases for USDT.Peso It aims to enable users to use accounts, QR codes,ACH、POS, and virtual accounts to make purchases, transfer funds, and convert USDT into local fiat currencies.

Why it matters to readers

If the relevant channels and merchant networks expand as planned,USDT conversion and everyday payment use cases in Latin America will increase.

For beginners, this can be understood as follows:Peso is building tools that connect USDT, banking systems, and merchant payment scenarios, but the report does not provide the financing amount or actual usage data.

Risks and unknowns

The report does not disclose the amount of this financing round or information about other investors.
The original report does not confirm when fiat on- and off-ramp channels in Brazil, Colombia, and Argentina will launch or the scope of their coverage.
Merchant POS network and virtual-account infrastructure implementation progress remains unclear.
The original report does not provide coverage scale or usage data for the Yango use case.

Tether Leads Peso Pre-Seed financing, expanding Latin American USDT payment network

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