Stablecoin giant Tether is expanding its footprint in Latin America after leading a $14 million Series A funding round for Argentine crypto and fintech platform Belo, marking another strategic investment by the company in Argentina’s growing digital finance ecosystem.
The funding round highlights Tether’s continued push into emerging markets where demand for dollar-linked digital assets remains strong, particularly across Latin America. Other investors participating in the round included Titan Fund, The Venture City, Mindset Ventures, and G2.
Belo, an Argentina-based digital wallet and financial platform, plans to use the fresh capital to accelerate its regional expansion and enhance its integrated financial services offering. The company aims to combine payments, savings, and cryptocurrency tools into a single platform while also increasing headcount by approximately 20 percent.
Tether Targets Stablecoin Growth in Latin America
According to Belo CEO Manuel Beaudroit, the partnership reflects Tether’s broader strategy of expanding the use of USDT, the world’s largest stablecoin by market capitalization.
“Tether is looking for distribution and sees Belo as a player capable of strongly driving USDT adoption both at the customer level and in infrastructure,” Beaudroit said in comments cited by Bloomberg Línea.
The investment comes as stablecoins continue gaining traction across Latin America, where inflation, currency volatility, and cross-border payment inefficiencies have increased demand for dollar-pegged digital assets.
A 2025 report from Artemis Analytics found that USDT dominates stablecoin usage in several South American markets, including Brazil, Chile, Colombia, Ecuador, and Peru.
Belo Expands Across South America
Founded in Argentina, Belo has rapidly grown into one of the region’s prominent crypto-financial apps. The company recently launched operations in Brazil and is planning expansion into additional Latin American markets, including Peru and Bolivia, as part of a broader seven-country growth strategy.
Belo says its platform is designed to simplify money movement in Latin America by combining local currencies, digital dollars, international payments, and crypto infrastructure into one user-friendly ecosystem.
The startup has emphasized profitability as a key differentiator, noting that it reached this funding round after three consecutive years of profitable operations.
Tether Broadens Argentina Presence Beyond Crypto
The Belo investment is the latest sign of Tether’s increasing presence in Argentina and the wider region. The company has also expanded beyond digital assets, recently acquiring a controlling stake in agribusiness firm Adecoagro as part of a broader diversification strategy.
With Latin America becoming one of the fastest-growing markets for stablecoin adoption, Tether’s backing of Belo underscores its ambition to build deeper infrastructure and consumer access across the region.