Share This Article
Tether has led a $14 million Series A round in belo, the Argentina-born fintech building a stablecoin-powered payments app for Latin America. The round also included Titan Fund, The Venture City, Mindset Ventures, G2, and existing backers.
On the surface, this is another fintech funding story. But the bigger picture is more interesting: Tether is not just watching stablecoins become useful in emerging markets, it is starting to back the companies turning them into daily financial infrastructure.
Belo was founded in Buenos Aires by Manuel Beaudroit and Edwin Rager. The app lets users hold Argentine pesos, Brazilian reais, USDC, USDT, and Bitcoin in one wallet, while also offering a crypto Mastercard and digital asset cashback. It has also built around practical use cases like international payments, local spending, and currency conversion rather than crypto speculation alone.
That matters in Latin America, where stablecoins have become less of a trading tool and more of a survival product. Chainalysis reported that Latin America processed nearly $1.5 trillion in crypto transaction volume between July 2022 and June 2025, driven partly by inflation, currency volatility, and capital controls.
Belo’s pitch fits directly into that reality. The company is trying to solve a boring but painful problem: receiving, holding, converting, and spending money across borders without jumping between banks, exchanges, remittance apps, and local payment rails.
Its Brazil angle is especially important. Belo supports Pix payments, allowing users to pay through Brazil’s instant payment network while the app automatically converts from balances like pesos or crypto into reais at checkout. Belo says Pix payments through the app are fee-free and can use Argentine pesos, USDT, USDC, BTC, ETH, or SOL as the source balance.
This is where the stablecoin story gets more grounded. The next wave of adoption may not look like people “buying crypto.” It may look like freelancers getting paid from abroad, travelers spending through QR codes, and users quietly holding digital dollars because their local currency keeps losing value.
Belo has also integrated OpenTrade’s real-world asset infrastructure to generate returns on USDC and USDT treasury balances, which helps the company manage liquidity as it grows. According to Tech Funding News, belo has been profitable for the past three years, putting it in a stronger position than many venture-backed fintechs that scaled before finding sustainable economics.
The new capital will be used to expand into Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay, while strengthening belo’s existing position in Brazil. Some reports also note that belo has more than 3 million users across Latin America.
For Tether, the move makes strategic sense. USDT already dominates stablecoin liquidity in many emerging markets, but investing in local consumer and payments infrastructure gives Tether a route closer to the end user.
It also comes at a time when stablecoins are under increasing scrutiny. Brazil’s central bank has tightened rules for virtual asset providers and has treated fiat-pegged crypto transactions, including stablecoins, as foreign exchange operations under new regulations taking effect in 2026.
That tension is exactly why this story is worth watching. Stablecoins are becoming useful before the regulatory picture is fully settled. In Latin America, the demand is obvious. The question is whether companies like belo can turn that demand into compliant, mainstream financial products before banks and regulators move in with their own versions.
Belo is not selling a speculative crypto dream. It is selling something much more powerful: money that works across borders, apps, currencies, and payment systems.
And in Latin America, that may be one of the strongest stablecoin use cases in the world.