Peso Completes Pre-Seed Round, Led by Tether

Odaily reports that Peso has announced the completion of its Pre-Seed funding round, led by Tether. Peso is a Bolivian fintech company that offers a USDT account integrating savings, spending, investing, and cross-border transfers. It connects to the Bolivian banking system through QR codes and the ACH payment network, supporting exchanges between stablecoins and local fiat currency. Peso has integrated USDT payments into the digital services platform Yango, allowing users to pay for food delivery orders directly within the app. The funds from this round will be used to expand Peso's local fiat on-ramp and off-ramp channels in Bolivia, Brazil, Colombia, and Argentina, as well as to build a merchant-facing POS payment network and virtual account infrastructure.