Tether has made a strategic investment in Orionx, a Chile-based digital asset company that operates in multiple Latin American countries, including Peru, Colombia, and Mexico. 

The investment concludes Orionx’s Series A funding round, which was led exclusively by Tether.

Orionx focuses on digital financial infrastructure and cross-border payment solutions. 

The company plans to use the investment to expand its operations in the region, enhance its technological capabilities, and further develop its services related to stablecoin-based remittances, treasury management, and payment processing.

According to a report by Chainalysis, approximately $415 billion in Bitcoin and cryptocurrency was received by Latin America between July 2023 and June 2024. 

Stablecoins represented a significant portion of the indirect flow between local users and global exchanges, particularly in countries such as Brazil and Argentina. 

The report links this trend to local economic factors, including inflation and currency depreciation, which have contributed to increasing interest in digital assets.

Despite growth in Bitcoin and crypto adoption, Latin America continues to face challenges related to financial inclusion. 

A large share of the population remains unbanked or underbanked due to documentation barriers, geographic limitations, and transaction costs. 

In this context, stablecoins are being explored as an alternative for individuals and businesses seeking to transfer value outside of traditional banking systems.

Orionx’s platform includes support for stablecoin transactions, local currency on- and off-ramps, and business-facing tools for cross-border payments. 

Tether has framed the investment as part of its broader interest in digital asset adoption in emerging markets.

“Tether is continuously expanding its mission to foster financial inclusion by investing in technologies and teams that deliver real-world value through stablecoin in emerging markets... Orionx is expanding access to digital assets in LATAM and building meaningful pathways for individuals and businesses to engage with the global economy in a stable, transparent, and efficient way,” said Paolo Ardoino, CEO of Tether.

“We are proud to have been chosen as part of Tether’s portfolio of companies... Having Tether, the undisputed global leader in stablecoins, by our side will allow us to accelerate this path with digital, flexible, and scalable solutions,” said Joel Vainstein, CEO of Orionx.

The companies have stated that the collaboration is intended to promote the use of dollar-pegged digital assets as a financial tool in Latin America.

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