Crypto news from the scene: Latin American digital wallet company Belo has raised $14 million in a Series A round led by stablecoin issuer Tether, with participation from Titan Fund, The Venture City, Mindset Ventures, and G2. Belo plans to use this capital to expand into Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay, while deepening its operations in Brazil, targeting freelancers and cross-border money movers. Founded in 2021, Belo allows users to hold and transfer local currencies and digital dollars, boasting over 3 million users across Latin America. CEO Manuel Beaudroit stated, "This funding round aims to scale up." Stablecoins are increasingly gaining traction in emerging markets as an alternative to traditional banking systems, especially in regions facing high inflation and currency volatility.