Belo Raises $14M In A Round With Tether

Tether invests into Belo platform as stablecoins spread across Argentina to help individuals pay and accept different kinds of currencies and rewards.

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Battle for Argentina's growing crypto and stablecoin consumers is heating up (Andrea Leopardi Unsplash)

Belo raises $14M in a Series A round.

The platform allowing consumers to send and receive fiat, stablecoins and crypto assets in Argentina has officially raised more capital. This was led by stablecoin issuer Tether, with participation from Mindset Ventures, Titan Fund, The Venture City, G2 and others.

Belo is going after everyday use-cases including personal accounts, credit cards, QR payments, cashback rewards and more. At the core of this is the ARGt stablecoin issued by Twin Finance, which can be spent locally via the Belo Mastercard.

The team also facilitate a range of national and international transfer methods, aiming to scale their freelancer and traveller audience throughout other nearby countries in LATAM.

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Ron is the founder of Stablecoin News and contributes to the coverage of stablecoins developments worldwide.

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