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Tether leads Belo's $14 million Series A funding to expand Latin American stablecoin payments
ME News Report, April 29 (UTC+8), Latin American digital wallet Belo 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. Belo was founded in 2021, headquartered in Buenos Aires, Argentina, with over 3 million users, offering wallet services that allow holding and transferring local fiat currency and digital dollars simultaneously. The company plans to use this funding to expand into Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay, and to deepen its presence in Brazil, focusing on serving cross-border payment and remittance freelancers and remote workers, reducing cross-border payment and foreign exchange costs and friction through stablecoin infrastructure. (Source: PANews)