Belo, an Argentina-based digital wallet company using crypto rails for payments, raised $14 million in a Series A funding round led by stablecoin issuer Tether. The company, which has over 3 million users across Latin America, aims to expand its services into Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay, while deepening its presence in Brazil. Belo combines payments, foreign exchange, and cross-border transfers in one app, leveraging stablecoin infrastructure to reduce costs and friction in the region's fragmented financial systems. This funding will support scaling operations and hiring in product, engineering, and operations as Belo targets underserved users and freelancers moving money across borders.
Circle won a court-backed arbitration ruling confirming it lawfully suspended Heka Funds' USDC minting and redemption services due to undisclosed ties to Tether and suspected market manipulation. Heka failed to disclose Tether as its main investor, w...
Tether is shifting stablecoin use from crypto trading to everyday financial services by leading a $7 million investment in Pact Labs. The company aims to integrate its stablecoin USA₮ into payroll systems and real-time payments, addressing the $11 tr...
Pact Labs secured $7 million in a Series A funding round led by Tether to enhance its on-chain lending platform on the Aptos blockchain. The company operates the PACT Protocol, which has facilitated nearly $2 billion in loans and serves around 500,00...
Tether led a $7 million Series A funding round in Pact Labs to expand the use of its USA₮ stablecoin in payroll, payments, and lending through fintech partnerships. Pact Labs connects traditional fintech with blockchain liquidity, enabling over 500,0...
South Korean cryptocurrency exchange Upbit began trading the Derive (DRV) token on July 14, offering trading pairs with Korean won (KRW), Bitcoin (BTC), and Tether (USDT). This listing enhances DRV's exposure in one of Asia's largest crypto markets a...
