Tether Leads Major Investment in Argentine Crypto App, Expanding Stablecoin Influence

Key Highlights 

• Tether backing Belo signals escalating confidence in stablecoin payment rails in LatAm. 
• Belo’s unified wallet simplifies cross-border payments using fiat and crypto assets. 
• The profit-first growth strategy provides an edge to Belo as it expands across Latin Markets. 

Tether is enhancing its presence in Latin America by investing in the Argentine cryptocurrency market, Belo. According to Bloomberg analysts, this move is a crucial step for Tether as it plans to fortify its position in this region. 

The firm has led a $14 million Series A funding round for Belo. The investment highlights a shift toward practical crypto use cases, especially in regions facing currency volatility and costly cross-border transactions. As demand for faster and cheaper financial services grows, Belo positions itself as a bridge between local currencies and digital dollars across multiple markets. 

“Tether is looking for distribution, and they see Belo as a player that can help strongly push the use of USDT, both in the client-facing level and in the infrastructure level,” Belo CEO Manuel Beaudroit said in an interview. 

Tether didn’t respond to a request for comment.

Why Stablecoins? 

Stablecoins are a type of cryptocurrency, tied to the price of an established asset, usually the US dollar. They have become a popular means of payment. Moreover, remittance fees via stablecoin rails are under 1% compared to the global average of 6.5% for traditional banks. It also eliminates the need for intermediaries as stablecoins move directly from wallet to wallet, bypassing the chain of correspondent banks. Total stablecoin transaction volumes increased by 72% to $33 trillion in 2025. 

Realistic Approach For Cross-Border Payments 

Belo is a Buenos Aires-based fintech app designed for freelancers, remote workers, and travelers to manage, exchange, and spend money globally, including stablecoins and fiat currencies. It enables international payments, features a Mastercard for local spending, provides automated savings returns, and serves 3 million users, particularly in Latin America. Belo now offers a unified wallet that supports Argentine pesos, Brazilian real, Bitcoin, and stablecoins like USDC and USDT. 

Additionally, the firm introduced a crypto-linked Mastercard, enabling cashback rewards in digital assets. The feature enhances user engagement while promoting crypto adoption in daily transactions. The platform has integrated Brazil’s Pix payment system through interoperable QR codes. Therefore, users in Argentina can transact within Brazil’s fast-growing payment network. It also addresses long-standing inefficiencies in Latin America’s fragmented financial systems. 

Scaling Supported By Sustainable Growth 

The Belo platform has prioritized profitability from an early stage. The company has maintained remarkable growth for three consecutive years. As a result, the firm enters its expansion phase with a stable operating structure. 

The funding round includes participation from Titan Fund, The Venture City, Mindset Ventures, and G2. Apart from support, the investors provide strategic support for scaling across diverse markets. 

Moreover, Belo has adopted OpenTrade’s infrastructure to produce returns on its stablecoin reserves. This enhances liquidity management and supports long-term scalability. Moreover, the company can balance growth efficiently. 

Final Thoughts

Tether plans to capitalize on the increasing adoption of cryptocurrencies in Latin America. With the investment in local platforms like Belo, Tether aims to provide solid financial solutions and expand the number of users in the region. 

Also Read: Automated Crypto Trading Tools on Gemini: Features, Bots and Strategies