The post Tether Invests $14M in Crypto Payments App Belo appeared first on Coinpedia Fintech News
Tether led a $14 million funding round for Belo, a payments platform using crypto rails and stablecoins for faster, cheaper transactions. Belo helps users protect savings from inflation and weak local currencies, a major issue across Latin America. The funding is important as stablecoin adoption continues rising in the region. Next, Belo plans to expand stablecoin payment services across Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay, targeting more users and merchants.