Tether Invests in Chilean Crypto Exchange Orionx to Boost LATAM Adoption
Tether, the issuer of the popular stablecoin USDT, has made a strategic investment in Orionx, a Chile-based crypto exchange. This move aims to expand cryptocurrency adoption in Latin America.
Announced on June 3,2025,Tether led Orionx’s Series A funding round. Orionx operates across several Latin american countries, including Chile, Peru, mexico, and Colombia. The investment will help Orionx strengthen its regional operations.
Orionx plans to use the funds to scale its stablecoin-powered infrastructure. This will enhance its solutions for remittances, treasury services, and payment collection.The company also aims to reach the large number of unbanked adults in the region. Between July 2023 and June 2024, LATAM users received nearly $415 billion in crypto.
Paolo Ardoino, Tether’s CEO, said, “Investing in Orionx supports our vision of making stablecoin-powered tools accessible to underserved communities.”
This investment is part of Tether’s broader strategy. It previously backed Zengo,a self-custodial crypto wallet,and Fizen Limited,a fintech company. Both deals aim to boost global stablecoin adoption.
Joel Vainstein, Orionx’s CEO, added, “With Tether’s support, we can accelerate our path with flexible and scalable digital solutions.”
