From TokenPost · · 40s
Tether Funds Peso Expansion
Tether leads peso pre-seed round to expand fiat channels in four Latin American countries.
In brief
Tether leads peso pre-seed round to expand fiat channels in four Latin American countries. Tether's pre-seed investment will help Peso add local currency deposit and withdrawal services in Bolivia, Brazil, Colombia, and Argentina. Originally reported by TokenPost.
Peso Expansion Plan
Peso will use pre-seed capital led by Tether to widen local fiat deposit and withdrawal channels and develop its merchant collection and virtual account infrastructure.
Peso's App Features
Peso’s app gives Latin American customers one account centered on Tether’s USDT stablecoin with tools for saving, spending, investing and cross-border transfers.
Geographic Coverage
The planned fiat channel expansion covers Bolivia, Brazil, Colombia and Argentina with Tether also investing in EFY Finance for institutional stablecoin services.
The bottom line
Tether's pre-seed investment will help Peso add local currency deposit and withdrawal services in Bolivia, Brazil, Colombia, and Argentina.
