Belo Receives $14M from Tether: Latin Expansion

Belo's $14 Million Series A Round Led by Tether

Digital wallet Belo, which facilitates cross-border payments in Latin America, raised $14 million in a Series A round led by Tether. The platform allows users to store and transfer local currencies alongside digital dollars, reaching more than 3 million people in the region. The Buenos Aires-based company will use this capital to expand into countries like Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay. It will strengthen its presence in Brazil by focusing on freelancers, remote workers, and segments involved in cross-border money flows. CEO Manuel Beaudroit stated that they have been integrated into daily life with a profitably growing product for three years and will use the investment for scaling.

Advantages of Stablecoin Payments in Latin America

Founded in 2021, Belo combines payments, forex transactions, and international transfers into a single flow using crypto infrastructure behind the scenes. Investors such as Titan Fund, The Venture City, Mindset Ventures, and G2 also supported the round.

• Ideal for value storage in high-inflation economies
• Speeds up and cheapens remittances
• Minimizes forex costs
• Eliminates switching between multiple services

The company is expanding its regional footprint by growing its product, engineering, and operations teams.

Stablecoins' Role in Latin America within the BTC Ecosystem

Tether's investment in Belo signals the rapid spread of stablecoin-based payment networks for dollar-pegged assets in Latin America. Leading crypto assets like BTC detailed analysis cover individuals and companies neglected by traditional finance, while Belo integrates this ecosystem into daily transactions. Crypto tools are filling the gaps; as Beaudroit said, the sector's role is strengthening. The BTC futures trading market also supports this stablecoin demand.

Frequently Asked Questions About the Belo Investment

In which countries will Belo expand? Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay are targeted.

Why did Tether invest in Belo? To scale stablecoin payments in Latin America.

How many users does Belo have? It reaches more than 3 million people.

How is BTC connected to this investment? Stablecoins are bringing the crypto ecosystem like BTC into daily financial transactions. Integration opportunities are increasing with USDT spot trading.