Tether leads $14M Series A funding round in Latin American digital wallet Belo

Odaily Planet Daily reported that Latin American digital wallet Belo has completed a $14 million Series A funding round, led by Tether, with participation from Titan Fund, The Venture City, Mindset Ventures, and G2. The funds will be used to expand into Latin American markets such as Mexico, Chile, and Colombia, and to scale the stablecoin payment infrastructure.

Founded in 2021, Belo offers a wallet service that combines local currency with digital dollars and currently has over 3 million users. This funding round also reflects Tether’s increasing focus on expanding stablecoin payment applications in emerging markets. (CoinDesk)