Tether backs Bolig
Latest NewsPublishedOct 21, 2026
The investment will support Peso’s expansion across four Latin American markets, where it connects stablecoin payments to merchant services and local banking networks.
Tether has led a pre-seed funding round in Bolivery apps and local banking networks, to support the company’s expansion across Latin America
In a Wednesday announcement, Tether said the investment will help Peso expand its stablecoin payment infrastructure across Bolinnect USDT with local currencies through banking and merchant payment systems
Peso has integrated USDT payments into Yango’s food delivery service in Boli The fintech offers QR payments, point-of-sale services for merchants and virtual accounts linked to Bolilose the size of its investment
The investment comes as other fintech companies expand USDT-based financial services in Boliwith El Dorado to offer credit directly through the digital wallet, allowing eligible customers to receive and repay loans in USDT on the Tempo blockchain
Bolilonged US dollar shortage and high inflation, with businesses beginning to accept USDT for purchases as access to foreign currency became more difficult
In November 2025, the government announced plans to integrate cryptocurrencies and stablecoins into the financial system, including allowing banks to offer digital asset custody and crypto-linked financial products.
The government subsequently began considering a regulatory framework in July 2026 that would recognize USDT for payments, savings and trade alongside the boli
The proposal came as Boliits longstanding currency peg in June, fueling demand for dollar-denominated alternatives such as USDT, as Cointelegraph reported in July
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