Tether has invested in Chilean crypto exchange Orionx

USDT issuer aims to strengthen the adoption of stablecoins in Latin America

Chilean crypto exchange Orionx has received a strategic investment from Tether

03.06.2025 - 15:40

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3 min

What’s new? Tether, the issuer of USDT, the largest stablecoin with a capitalization of $153,4 billion, has announced a strategic investment in Chilean crypto exchange Orionx to advance the adoption of digital assets in Latin America. The investment closes Orionx’s Series A funding round, led exclusively by Tether, and enables the scaling of stablecoin-based infrastructure for remittance, payment collection, and treasury services in the region.

Press release

What else is known? Orionx is one of the leading local crypto exchanges as well as a financial infrastructure company in cross-border payments. It provides services across Chile, Peru, Colombia, and Mexico, integrating cryptocurrencies into B2B and retail systems and providing cost-effective financial tools.

This investment is part of Tether’s strategy to increase access to financial services and strengthen sustainable digital payment channels in emerging markets.

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Earlier, Tether withdrew from the EU market due to the requirements of the new legislation

According to Chainalysis analysts, the region received almost $415 billion in cryptocurrency from July 2023 to June 2024, with stablecoins accounting for most of the indirect flows from local exchanges to global ones, especially in Brazil and Argentina. One of the reasons for the growing popularity of dollar-pegged stablecoins in the countries of the region, experts say, including the high inflation rates of national currencies.

In addition, Latin America holds the second place in the world in terms of the share of adults without bank accounts and, as a consequence, access to banking services.

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In this situation, stablecoins offer an alternative, allowing individuals and businesses to send and receive money instantly, securely, and with low fees, without going through complicated registration processes.

By allowing institutions and merchants to settle with stablecoins, Orionx provides users with real-world use cases, and Tether is helping to scale that impact, the press release noted.

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