Tether Invests in Orionx to Accelerate Stablecoin Adoption in Latin America - Crypto Economy

TL;DR

• Tether made a strategic investment in Orionx, a Chile-based platform operating across several Latin American countries, aimed at expanding stablecoin usage throughout the region.
• This funding will enable Orionx to strengthen its remittance and digital payment services, providing more accessible financial solutions to a largely unbanked population.
• The partnership reinforces Tether’s footprint in emerging markets and promotes everyday use of stable cryptocurrencies.

Tether, the company behind USDT, the world’s most popular stablecoin, has announced an investment in Orionx, a cryptocurrency exchange with operations in Chile, Peru, Colombia, and Mexico. This investment closes Orionx’s Series A funding round and will be used to expand its technological infrastructure and improve crypto payment and remittance services powered by stablecoins.

Stablecoins Gain Traction Amid Economic Challenges in Latin America

Latin America has witnessed a significant increase in cryptocurrency adoption, with stablecoins playing a key role as a financial safe haven against inflation and volatile local currencies. Between July 2023 and June 2024, crypto transaction volume in the region reached nearly $415 billion, with USDT being one of the most widely used digital assets. Countries like Argentina and Brazil have particularly seen this trend intensify, as individuals and businesses seek safer and more cost-effective ways to send money internationally and protect their savings.

Despite this growth, financial inclusion remains a major hurdle. A substantial portion of the Latin American population lacks access to traditional banking services due to bureaucratic obstacles, high fees, and limited infrastructure. Orionx aims to address these issues by offering a platform that supports fast, low-cost remittances and digital payments through stablecoin integration, bridging the gap between conventional finance and crypto innovation.

Strategic Partnership to Enhance Services and Financial Access

With Tether’s investment, Orionx will accelerate the development of its B2B services, including solutions for treasury management, payment collection, and distribution. This collaboration is focused on scaling the adoption of stablecoins in everyday business operations and consumer transactions, boosting market liquidity and improving transactional efficiency.

Paolo Ardoino, CTO of Tether, emphasized that this investment highlights the company’s ongoing commitment to advancing financial inclusion by supporting technologies that deliver tangible benefits to underserved communities. Joel Vainstein, CEO of Orionx, noted that the partnership marks a pivotal moment, allowing the company to scale faster and offer more adaptable tools to meet the growing demand for innovative financial solutions in the region.

With this move, Tether not only strengthens its presence in Latin America, but also drives the adoption of stablecoins as a reliable means to address economic hardship and foster a more accessible financial ecosystem for millions of people.