Tether, the issuer of the widely used stablecoin USDT, has made a strategic investment in Orionx, a Chile-based cryptocurrency exchange operating across several Latin American countries including Chile, Peru, Mexico, and Colombia. This investment, announced on June 3, 2025, is part of Orionx's Series A funding round, which Tether led to bolster the platform's regional operations and infrastructure.
Orionx provides cross-border crypto payment solutions aimed at serving both retail and institutional users. The capital injection from Tether will help Orionx scale its stablecoin-powered services such as remittances, treasury management, and payment collection, especially targeting the large underbanked population in Latin America. This aligns with Tether's broader vision to increase stablecoin adoption and financial inclusion in emerging markets.
Latin America faces significant economic challenges, including rising inflation and devalued local currencies, which have driven consumers and businesses toward dollar-pegged stablecoins to mitigate volatility. Between July 2023 and June 2024, the region received approximately $415 billion in crypto transfers, with a substantial share involving stablecoins.
The partnership also reflects Tether's ongoing strategic moves to enhance global stablecoin adoption, following previous investments in companies like crypto wallet provider Zengo and fintech firm Fizen Limited. Orionx's platform supports "Remittances as a Service," enabling merchants and institutions to integrate stablecoin transactions seamlessly, thereby improving cost efficiency, transaction speed, and transparency.
Joel Vainstein, CEO of Orionx, emphasized that Tether's backing will accelerate the deployment of flexible and scalable digital financial solutions. Meanwhile, Tether’s CEO Paolo Ardoino highlighted the intent to make stablecoin-based financial tools accessible to underserved communities across Latin America.