From Yahoo Finance: 2025-06-03 08:47:00

Stablecoin issuer Tether has made a strategic investment in Chilean cryptocurrency exchange Orionx, closing its Series A round. The investment will boost Tether’s presence in Latin America, a region with a high proportion of unbanked adults and significant crypto transactions totaling $415 billion in one year until June 2024, as reported by Chainalysis.

Tether’s CEO, Paolo Ardoino, highlighted the importance of supporting Orionx to make stablecoin-powered financial tools accessible to underserved communities in Latin America. Orionx’s CEO, Joel Vainstein, sees the collaboration as a milestone in advancing their B2B vision and developing more cost-efficient solutions for payment collection, distribution, and treasury management.

Read more: Tether Invests in Chilean Crypto Exchange Orionx to Drive Latin American Adoption