Svmuu 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 including Mexico, Chile, and Colombia, and to scale stablecoin payment infrastructure deployment.
Founded in 2021, Belo offers a wallet service that combines local currencies with digital dollars, currently serving over 3 million users. This investment also reflects Tether's increasing efforts to expand stablecoin payment applications in emerging markets. (CoinDesk)