Tether leads $14 million Series A funding round for Belo to expand stablecoin payments in Latin America.

CoinFeed reported on April 29th that Belo, a Latin American digital wallet, has completed a $14 million Series A funding round, led by stablecoin issuer Tether, with participation from Titan Fund, The Venture City, Mindset Ventures, and G2. Founded in 2021 and headquartered in Buenos Aires, Argentina, Belo boasts over 3 million users and offers wallet services for holding and transferring both local fiat currency and digital dollars. The company plans to use this funding to expand into Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay, and deepen its presence in Brazil, focusing on serving freelancers and remote workers making cross-border payments, reducing cross-border payment and foreign exchange costs and friction through stablecoin infrastructure.