Tether Leads Investment For Argentine Crypto App

@Tether is pushing deeper into Latin America through a $14 million Series A investment in Argentine crypto platform Belo, according to Bloomberg. The round also drew participation from Titan Fund, The Venture City, Mindset Ventures, and G2.

A Profitable Platform Built for Emerging Markets

Founded in Buenos Aires by Manuel Beaudroit and Edwin Rager, Belo is one of the first platforms to issue a crypto Mastercard in Latin America, offering cashback in digital assets while allowing users to hold Argentine pesos, US dollars via $USDC and $USDT, and Bitcoin in a single wallet. The company now has more than 3 million users across the region and has remained profitable for the past three years — a rare distinction in a sector where growth-at-all-costs models remain common.

By combining payments, foreign exchange, and cross-border transfers in one app and relying on stablecoin infrastructure, Belo aims to lower costs and reduce friction in Latin America's fragmented financial systems, serving users largely overlooked by traditional banks.

Regional Expansion on the Horizon

Belo plans to broaden its presence in Chile, Mexico, Peru, and Colombia, while strengthening payments infrastructure across the region. In Brazil, it is targeting freelancers and remote workers — customer groups with particularly strong demand for cross-border transfers.

@Tether's backing signals a broader push to expand $USDT-based payment systems in markets where demand for dollar-linked assets remains high. Belo CEO Beaudroit framed the company's approach as part of a wider shift, saying that crypto is beginning to serve people in ways traditional financial services have not.

Sources:
Bloomberg – Stablecoin Giant Tether Leads Investment in Argentine Crypto App
CoinDesk – Tether Leads Belo's $14 Million Raise to Expand Stablecoin Payments Across Latin America
Tech Funding News – Tether Leads $14M Series A in Argentine Crypto Fintech Belo

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