Bolivian fintech Peso has secured pre-seed capital led by Tether to expand its fiat deposit and withdrawal channels and enhance its merchant collection and virtual account infrastructure. Peso’s app allows Latin American users to manage USDT stablecoins for saving, spending, investing, and cross-border transfers, with features like offline payment collection and virtual accounts. The expansion will cover Bolivia, Brazil, Colombia, and Argentina, integrating stablecoins with local banking systems via QR codes and ACH channels. Tether also invested in EFY Finance to support institutional stablecoin services in the region. The funding amount was not disclosed.
Tether's USDT stablecoin trades at Rp18.006 on Pluang as of Oct 22, 2026, showing a modest 0.22% increase in the past day. The market cap of USDT stands at Rp3.293,99 trillion, reflecting its significant presence in digital assets. Pluang users show a typical hold time of 91 days for USDT, indicating a medium-term investment interest around the time of Peso's expansion news.
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Tether CEO Paolo Ardoino defended the company's record of freezing flagged wallets, stating they often act weeks before U.S. sanctions or seizure orders. However, Senate investigators highlighted a delay in freezing 34 wallet addresses linked to Hezb...
Tether CEO Paolo Ardoino stated that the company has frozen wallet addresses linked to Iran, reducing stablecoin transaction volume by 94%. This challenges Senate minority staff allegations that Tether failed to freeze illicit wallets associated with...
