Tether announced its strategic investment in Orionx, a digital asset platform operated in Latin America, according to a June 3rd statement.
The purpose of this investment is to accelerate the use of ridiculously driven financial services across the region, especially in underserved and inflation-prone economies.
Orionx currently serves users in Chile, Peru, Colombia and Mexico, according to the statement.
With fresh capital from Tether, the company plans to upgrade its technology infrastructure, expand its business-friendly solutions, streamline services such as remittances, collections and Treasury operations.
Supporting meaningful influences
Tether’s investment supports Orionx’s efforts to provide faster, more comprehensive alternatives. The company’s “remittance as a service” model allows merchants and institutions to process cross-border payments with low fees, rapid settlement and local currency conversion.
This infrastructure also includes simplified onboarding, allowing users to trade without the complexity of legacy banking systems.
Tether CEO Paolo Ardoino said the investment reflects the company’s mission to support technology that has meaningful impact. He added:
“By closing Orionx’s Series A round, we are not only supporting impactful companies, but also moving forward with a broader vision of ensuring unserved communities across the region can be accessed.”
This initiative is part of Tether’s broader push to deepen the integration of Stablecoin, which traditional banks often lack.
Stablecoin is seeing widespread adoption in Latin America as individuals and businesses try to protect money from devaluing the currency.
Tether reported that the region had processed more than $400 billion in crypto transactions between July 2023 and June 2024, citing chain lysis data.
Despite this growth, much of Latin America remains financially excluded. Millions of adults lack access to banking due to geographical restrictions, high rates and strict documentation requirements. In response, crypto platforms are stepping in to fill the gap.
Tether’s Investment Strategy
The Orionx trading is one of several investments Tether has made recently to expand its influence beyond Stablecoins.
The company funds companies in multiple sectors, including mining company Bitdeer, video platform Rumble and sports team Juventus.
Still, Tether’s flagship product, USDT, remains its central focus. At the time of reporting, USDT has a market capitalization of over $153 billion, making it the world’s most widely used Stablecoin, according to Cryptoslate data.
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