Key Points
- Tether has backed Bolivian fintech startup Peso in a pre-seed funding round, with investment details undisclosed.
- Peso intends to scale USDT-based payment infrastructure across Bolivia, Brazil, Colombia, and Argentina.
- The startup has integrated USDT payment options into Yango’s Bolivian food delivery platform.
- Separately, lending service Tala joined forces with El Dorado wallet to provide USDT-denominated loans via the Tempo blockchain.
- A sustained US dollar shortage and elevated inflation have driven Bolivian adoption of stablecoins throughout 2025.
The stablecoin issuer Tether has taken the lead in a pre-seed financing round for Peso, a Bolivia-based financial technology venture. The startup delivers USDT payment capabilities through restaurant delivery platforms and domestic banking infrastructure.
Tether made the announcement public on Wednesday, October 21. The firm declined to reveal the specific investment amount.
The capital injection will support Peso’s expansion of stablecoin-enabled payment solutions throughout the Latin American region. The venture targets operations in Bolivia, Brazil, Colombia, and Argentina.
Peso’s USDT Integration Strategy
Peso facilitates the connection between USDT and regional fiat currencies via banking networks and merchant transaction platforms. This infrastructure enables users to transition seamlessly between the stablecoin and their domestic currency.
The startup has successfully integrated USDT payment functionality into Yango’s food delivery operations in Bolivia. Consumers can now complete their meal purchases using the digital stablecoin.
Peso additionally provides QR code-based payment solutions and point-of-sale technology for retail businesses. These systems allow merchants to accept USDT from their customer base.
The financial technology firm also operates virtual account services. These accounts interface with Bolivia’s traditional banking infrastructure via ACH transfer protocols.
Parallel USDT Development in Bolivia
Peso is far from alone in developing USDT-based services within Bolivia. On Tuesday, the lending platform Tala revealed a collaboration with El Dorado, a digital wallet provider.
Through this arrangement, Tala will distribute credit products directly within the El Dorado wallet interface. Qualified users can access and settle loans denominated in USDT.
The loan products operate on the Tempo blockchain infrastructure. According to Tala, borrowers can receive funding within seconds.
Bolivia has increasingly turned to stablecoins beginning in 2025. The nation has confronted a persistent shortage of US dollars coupled with elevated inflation rates.
As access to foreign currency diminished, numerous merchants began accepting USDT for commercial transactions. The stablecoin is engineered to maintain parity with the US dollar’s value.
During November 2025, Bolivia’s government unveiled intentions to incorporate cryptocurrencies and stablecoins into the nation’s financial infrastructure. This initiative included authorizing banks to provide digital asset custody services and crypto-related financial instruments.
By June 2026, Bolivia abandoned its long-standing currency peg. The dollar scarcity persisted following this decision, intensifying demand for dollar-denominated alternatives such as USDT.
In July 2026, authorities began evaluating a comprehensive regulatory framework. The proposed regulations would formally recognize USDT for payment processing, savings vehicles, and commercial trade alongside the boliviano and US dollar.
Tether’s capital commitment to Peso, disclosed this week, represents the most recent transaction connected to USDT payment systems in Bolivia. Tala’s USDT lending collaboration with El Dorado was revealed just one day prior.
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