Tether has led a $14 million Series A round in Belo, a Buenos Aires-based wallet provider preparing to expand stablecoin-enabled payments across Latin America. The investment gives Belo fresh capital to scale wallet, card and payment products that embed USDT into everyday financial flows.
The round included Titan Fund, The Venture City, Mindset Ventures and G2. Founded in 2021, Belo reported more than 3 million users and three consecutive years of profitability before the raise, giving Tether a regional platform with existing traction in consumer payments, transfers and fiat-stablecoin integration.
Belo Targets Six New Latin American Markets
Belo plans to use the funding to expand into Mexico, Chile, Colombia, Peru, Bolivia and Paraguay, while strengthening its existing operations in Brazil. The company already combines local fiat, cross-border transfers and stablecoins inside a single wallet experience.
Its Brazilian integration with Pix through interoperable QR codes provides a template for the broader rollout. Belo aims to replicate that model across regional payment systems, making stablecoins usable not only for holding value, but also for remittances, payroll and local spending.
The company is also developing crypto-linked card products, including a marketed Mastercard and a digital Visa offering with cashback mechanics denominated in digital assets. For Tether, the strategy aligns with its broader push to position USDT as a transactional stablecoin inside real payment infrastructure, not only a trading or exchange-settlement asset.
Expansion Brings Compliance and Execution Pressure
The opportunity is clear in markets where currency volatility and cross-border payment friction remain persistent. A wallet that combines FX, transfers, cards and stablecoins could reduce user friction and make digital dollars more practical for daily financial activity.
But regional expansion also raises the operational bar. Belo and its partners will need jurisdiction-specific AML, KYC, consumer-protection and reporting frameworks across six new markets. Payment-rail integrations with local systems and card networks will require strong reconciliation, custody and liquidity-management controls.
Card rewards and cashback denominated in crypto introduce additional tax, fee-disclosure and consumer-information obligations. The core risk shifts from market exposure to execution, supervision and operational resilience.
The deal reinforces Latin America’s role as a testing ground for stablecoin payments at scale. Its broader impact will depend on how quickly Belo can navigate local regulation, integrate payment rails and convert wallet adoption into sustained retail and remittance usage.