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Tether led a $14 million funding round for Belo, a payments platform that uses crypto rails and stablecoins to enable faster, cheaper transactions. Belo positions its service as a way for users to protect savings from inflation and from the effects of weak local currencies, a challenge that is widespread across Latin America.
The round comes as stablecoin adoption continues to rise in the region. Belo’s approach is designed to address cost and speed in payments while leveraging stablecoins to support users dealing with currency volatility.
Following the funding, Belo plans to expand its stablecoin payment services across Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay. The expansion is intended to reach more users and merchants across these markets.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
