Tether Backs Fintech Peso to Push USDT Retail Payments Across Bolivia

Tether has made an undisclosed investment in Bolivian fintech firm Peso, leading a pre-seed round. The deal aims to expand local on-ramps and off-ramps in Bolivia, Brazil, Colombia and Argentina, and speed up the rollout of point-of-sale systems that let shoppers pay with USDT. Traders should watch for growing stablecoin payment volume in Latin America, which could deepen USDT's retail utility and demand in the region.