Tether led a $14 million funding round for Belo, a payments platform that leverages crypto rails and stablecoins to facilitate faster and cheaper transactions.
Belo helps users protect their savings from inflation and weak local currencies, a significant issue in Latin America. The funding round is particularly important as stablecoin adoption continues to grow in the region.
Following this investment, Belo plans to expand its stablecoin payment services across Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay, targeting a broader user base and more merchants.
