Tether leads $14M round in Belo to scale stablecoin payments across Latin America, targeting millions of users with dollar-based digital wallet services

Tether led a $14 million Series A for Belo, a Latin American digital wallet and payments platform, to help it expand stablecoin-based payment services across the region. Belo said the capital will support growth in Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay, while deepening its presence in Brazil and targeting freelancers, remote workers, and people moving money across borders. Belo was founded in 2021 in Buenos Aires and offers users a way to hold, send, and spend local currencies alongside digital dollars and other crypto assets; reporting says it already serves more than 3 million users across Latin America. The round included participation from Titan Fund, The Venture City, Mindset Ventures, G2, and existing investors, and the deal highlights how stablecoin companies are backing consumer payment rails in inflation-prone markets where cross-border transfers and currency volatility remain major pain points.

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