Tether is backing Bolivian fintech Peso with a pre-seed investment aimed at scaling USDT-based payments across Latin America, according to a Wednesday announcement on Tether’s website. The funding is intended to expand Peso’s stablecoin payment infrastructure in Bolivia and beyond, including services designed to connect USDT with local currencies via banking rails and merchant payment systems. Tether did not disclose the investment size. Key takeaways Tether invested in Bolivian fintech Peso to expand USDT payment infrastructure across multiple Latin American markets. Peso has already integrated USDT payments into Yango’s food delivery platform in Bolivia, enabling customers to pay with USDT. The fintech supports QR payments, merchant point-of-sale tools, and virtual accounts linked to Bolivia’s banking network using ACH transfers. The move aligns with growing local demand for dollar-denominated alternatives amid Bolivia’s ongoing US dollar shortage and inflationary pressures. ...
President Donald Trump used a White House roundtable on cybercrime to highlight the scale of fraud affecting Americans, citing losses of more than $20 billion in 2025 and claiming federal actions that he says disrupted criminal proceeds tied to foreign scams. The remarks came amid ongoing political scrutiny over allegations that Trump and members of his administration have benefited from digital-asset-related business interests. Speaking at the Wednesday event, Trump said “countless” Americans lost over $20 billion from cybercrime in 2025 through impersonation schemes, ransomware attacks, scam operations, and other tactics. He also stated that federal officials froze $1 billion in “cybercurrency tied to foreign scammers” and prevented $1.6 billion in 2025 losses from reaching criminals after a March executive order. Key takeaways Trump claimed federal freezes totaling $1 billion in proceeds he linked to “cybercurrency” connected to foreign scammers, alongside actions intended to stop...