Argentine payments startup Pomelo has raised $55 million in Series C funding and will launch a stablecoin credit card.

PANews reported on January 22 that, according to Bloomberg, Argentina-based fintech company Pomelo has completed a $55 million Series C funding round, led by Kaszek and Insight Partners. The funding aims to deepen its presence in the Latin American market and expand its global operations. The funds will be used to expand its credit card payment processing business in Mexico and Brazil, and to launch a global credit card settled in the stablecoin USDC. Pomelo also plans to develop a real-time and intelligent agent payment system capable of operating across borders, serving traditional banks and large international clients. Current partners include Visa, Mastercard, Binance, and Western Union.