Fintech company Peso completes Pre-Seed round financing, led by Tether

According to official news, Tether announced that it will lead the Pre-Seed round financing of the Bolivian fintech company Peso, with the specific amount undisclosed.

Peso provides global USDT accounts for Latin American users, allowing them to save, spend, invest, and make cross-border remittances through the same app. Peso has integrated USDT payments on the Bolivian digital service platform Yango, enabling users to order takeout directly with USDT; in addition, Peso also offers offline payment services and virtual accounts opened in the user's name, connecting USDT with the Bolivian banking system through QR codes and ACH channels, facilitating the conversion between stablecoins and local fiat currency.

This round of funding will be used to expand Peso's local fiat deposit and withdrawal channels in Bolivia, Brazil, Colombia, and Argentina, and to advance its merchant payment network and virtual account infrastructure construction.