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Corporate Score 35 Bullish

Tether Backs Belo with $14 Million to Scale Stablecoin Payments in Latin America

Apr 29, 2026 11:13 UTC
Medium term

Digital wallet provider Belo has secured $14 million in Series A funding led by Tether to expand its cross-border payment infrastructure. The company aims to bring stablecoin-based financial services to several new Latin American markets.

  • $14 million Series A led by Tether
  • Expansion into six new Latin American countries
  • Targeting freelancers and remote workers for cross-border transfers
  • User base currently exceeds 3 million
  • Focus on stablecoins as an alternative to volatile local currencies

Belo, a Buenos Aires-based digital wallet specializing in crypto-enabled payments, has closed a $14 million Series A funding round. The investment was led by stablecoin issuer Tether, with additional participation from Titan Fund, The Venture City, Mindset Ventures, and G2. Founded in 2021, Belo leverages blockchain infrastructure to allow users to hold and transfer local currencies alongside digital dollars. The platform has already scaled to over 3 million users across Latin America, reporting three years of profitable operations prior to this funding round. The newly raised capital is earmarked for regional expansion into Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay. Additionally, the company intends to strengthen its footprint in Brazil, specifically targeting remote workers and freelancers who require efficient cross-border payment solutions. The move underscores the growing adoption of stablecoins in emerging markets as a hedge against currency volatility and high inflation. By integrating payments, foreign exchange, and transfers into a single flow, Belo seeks to reduce the costs and delays associated with traditional Latin American banking systems.

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