<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0000950103-22-015408</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Fernandez Balague Emiliano Sebastian -->
          <cik>0001945696</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>2</amendmentNo>
      <securitiesClassTitle>Class A Common Shares, par value $0.002 per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001846832</issuerCik>
        <issuerName>dLocal Ltd</issuerName>
        <issuerCusip>G29018101</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>Dr. Luis Bonavita, 1294</com:street1>
          <com:city>Montevideo</com:city>
          <com:stateOrCountry>X3</com:stateOrCountry>
          <com:zipCode>11300</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Emiliano Sebastian Fernandez Balague</reportingPersonName>
      <citizenshipOrOrganization>D8</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>16346624.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>16346624.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>16346624.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>10.8</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>Aggregate amount beneficially owned by each reporting person consists of 14,592,826 Class A common shares held indirectly through Unsal Holdings Limited and 1,753,798 Class A common shares held indirectly through St. Bull Financial Services Inc.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>dLocal Ltd</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>Dr. Luis Bonavita, 1294, Montevideo, Uruguay, 11300</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>This Schedule 13G is being filed by Emiliano Sebastian Fernandez Balague (the "Reporting Person"). The Reporting Person is a shareholder of the Issuer.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>The principal office and business address of the Reporting person is Unit 106 West Bay Street Lot 5, Nassau, New Providence, Bahamas.</principalBusinessOfficeOrResidenceAddress>
        <citizenship>See row 4 of the cover pages to this Schedule 13G.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>All ownership percentages assume that there are 151,420,944  Class A common shares outstanding.

The information set forth in Item 2 above is incorporated by reference for the Reporting Person.

Emiliano Sebastian Fernandez Balague disclaims any beneficial ownership of the shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.


See row 9 of the cover pages to this Schedule 13G.</amountBeneficiallyOwned>
        <classPercent>See row 11 of the cover pages to this Schedule 13G.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>See row 5 of the cover pages to this Schedule 13G.</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>See row 6 of the cover pages to this Schedule 13G.</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>See row 7 of the cover pages to this Schedule 13G.</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>See row 8 of the cover pages to this Schedule 13G.</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>Y</notApplicableFlag>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Emiliano Sebastian Fernandez Balague</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Emiliano Sebastian Fernandez Balague</signature>
        <title>Emiliano Sebastian Fernandez Balague</title>
        <date>02/14/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>