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Tether Invests in Bolivian Fintech Peso to Expand USD₮ Payment Infrastructure Across Latin America
Tether, the largest digital asset company, led the pre-seed funding round in Peso, a Bolivian fintech company. This investment aims to expand access to fast, low-cost, stablecoin-powered payments and accelerate the use of USD₮ in everyday transactions across retail, e-commerce, and banking systems in Latin America. Peso offers a global USD₮ account for saving, spending, investing, and cross-border transfers, and integrates USD₮ payments into digital services like Yango in Bolivia. The funding will support Peso's expansion of local on- and off-ramps in Bolivia, Brazil, Colombia, and Argentina.
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