Update
Tether Invests in Peso to Expand USD₮ Payment Infrastructure
Tether, the largest company in the digital asset industry, has invested in Peso, a Bolivian fintech company. The investment aims to help Peso expand access to fast, low-cost, stablecoin-powered payments in Latin America, including Bolivia, Brazil, Colombia, and Argentina. Peso provides a global USD₮ account for users to save, spend, invest, and send money across borders, and it also offers point-of-sale acceptance and virtual accounts that connect USD₮ to the local banking system. The funding will support Peso's expansion of local on- and off-ramps and its broader product roadmap, including a merchant-facing point-of-sale network and virtual account infrastructure.