Investors in Uruguay are parking more of their wealth in peso-denominated money market funds and government bonds, adding momentum to the South American safe haven's push to reduce its dependence on the dollar. At least seven money market funds in pesos are operating this year, roughly double the figure from 2025 as brokerages like Balanz and Puente and fintechs such as Mercado Libre Inc. and Prex compete to capture the growing appetite for Uruguay's cash. All four opened money market funds this year that invest in fixed-rate peso securities, a novelty for a nation where people overwhelmingly save in greenbacks.