Tether leads Belo's $14 million raise to expand stablecoin payments across Latin America

Belo, which has over 3 million users across Latin America, offers a digital wallet that lets users hold and transfer local currencies alongside digital dollars. What to know : Belo, an Argentina-based firm that uses crypto rails for payments, raised $14 million in a Series A round led by stablecoin issuer Tether. By combining payments, foreign exchange and cross-border transfers in one app and relying on stablecoin infrastructure, Belo aims to lower costs and friction in Latin America’s fragmented financial systems and serve users underserved by traditional banks. The firm plans to expand across the region in Mexico, Chile, Colombia, Peru, Bolivia and Paraguay, while hiring across product, engineering and operations.(Coindesk)