💰 Tether leads investment in Bolivian fintech Peso
Tether has led a pre-seed funding round for Peso, a Bolivian fintech integrating USDT into daily payments. The investment aims to expand stablecoin infrastructure across Bolivia, Brazil, Colombia, and Argentina.
Peso already allows customers to pay for Yango food delivery orders using USDT. The platform connects the stablecoin to local banking systems via QR payments, point-of-sale services, and ACH transfers.
This move follows Bolivia's shift toward digital assets amid a severe US dollar shortage and high inflation. The government is currently developing a regulatory framework to recognize USDT for payments, savings, and trade.
#Tether #USDT #Bolivia #Adoption
Tether has led a pre-seed funding round for Peso, a Bolivian fintech integrating USDT into daily payments. The investment aims to expand stablecoin infrastructure across Bolivia, Brazil, Colombia, and Argentina.
Peso already allows customers to pay for Yango food delivery orders using USDT. The platform connects the stablecoin to local banking systems via QR payments, point-of-sale services, and ACH transfers.
This move follows Bolivia's shift toward digital assets amid a severe US dollar shortage and high inflation. The government is currently developing a regulatory framework to recognize USDT for payments, savings, and trade.
#Tether #USDT #Bolivia #Adoption