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Tether Invests in Chilean Crypto Exchange Orionx to Drive Latin American Adoption
The exchange also received a 2023 investment from Bitfinex.
Jun 3, 2025, 12:47 p.m.
What to know:
- Tether has invested in Chile-based crypto exchange Orionx, closing its Series A round to boost operations in Latin America.
- The move supports Tether’s goal to expand in Latin America, where there's a high unbanked population and $415 billion in crypto activity annually.
- Both companies aim to deliver cost-efficient financial solutions, with a focus on payment processing and treasury management for underserved communities.
Stablecoin issuer Tether has announced a strategic investment in Orionx, a cryptocurrency exchange based in Chile that operates in Peru, Colombia, and Mexico.
The investment closes Orionx's Series A raise, which was led by Tether. The exchange also raised an undisclosed amount in 2023 in a round led by Bitfinex, Tether's sister company.
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Tether will use the investment to enhance its presence in Latin America, a region that has the second-highest proportion of unbanked adults. The region also received nearly $415 billion worth of crypto in a one calendar year until June 2024, according to Chainalysis.
“By closing Orionx’s series A round, we are not only supporting a high-impact company but also advancing our broader vision of making stablecoin-powered financial tools accessible to underserved communities across the region," said Paolo Ardoino, Tether's CEO in a blog post.
Joel Vainstein, Orionx's CEO, added that the collaboration "marks a turning point" in the company's B2B vision and that it will produce more "cost-efficient solutions for payment collection, distribution and treasury management."
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