Tether Bets $14M on Belo: Crypto Payments Set to Restart Latin America

Imagine a boardroom where someone suggests paying for everything with something that sounds like a sci‑fi cereal. Then imagine everyone nodding as if the weather forecast had just become a financial plan. That, more or less, is Belo: a payments platform riding on crypto rails and stablecoins, with Tether leading a $14 million round to prove the point.

Belo markets itself as a way to speed up and cheapen transactions, which is nice if you’ve ever tried sending money across borders and watched the clock tick away like a sleepy tortoise wearing roller skates. It also claims to help people protect savings from inflation and those mercurial local currencies that Latin America treats like a weather vane – point the direction, clap politely, and hope for the best.

There is gravitas here, apparently, because stablecoin adoption is on the rise in the region. Or at least that’s what the funding round is meant to signal between the champagne clinks and the earnest nods. If you’re inclined to see the glass as half cryptocurrency, this is your moment.

Next up, Belo plans to push stablecoin payment services across Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay, aiming for a larger entourage of users and merchants. In plain terms: more shops that will pretend to understand you when you wave a phone and pay with a token you’ve probably never held in your hand, but hey, what could possibly go wrong?

Read More

2026-04-29 16:06