Tempo launches credit service, allowing Bolivian users to borrow uncollateralized USDT

Tempo launched a credit service connecting businesses with third-party lenders, with Bolivian users of the El Dorado wallet now able to borrow USDT without locking up crypto collateral. Tala supplies the capital, vets borrowers and bears the credit risk, while El Dorado provides the wallet and customer relationships and loans are disbursed and repaid over the Tempo network. Tempo itself does not fund loans; third-party lenders set pricing and terms independently. The launch matters as an early test of undercollateralized lending on a payments-focused chain, where credit risk sits with a specialist underwriter rather than a DeFi pool. Watch for borrower uptake in Bolivia, whether Tala expands funding beyond the initial market, and whether additional lenders and corridors join the network.