Tether, the company behind the USDT stablecoin with a market cap of over $153 billion, has announced a strategic investment in Chilean platform Orionx. The investment completes a Series A funding round led exclusively by Tether and aims to strengthen the digital financial infrastructure in Latin America.
Orionx has established itself as one of the leaders in the cryptocurrency market in Chile and is expanding its operations in Peru, Colombia, and Mexico. The company offers cross-border payment solutions and is actively integrating cryptocurrencies into the everyday economy for both businesses and consumers. Particular attention is paid to the development of B2B services and retail financial products focused on simplicity, speed, and cost-effectiveness.
Tether’s support allows Orionx to scale its operations faster. With the new investment, the company plans to increase the use of stablecoins in areas such as international remittances, payment collection, and corporate finance management. This is especially relevant for emerging markets where access to traditional banking services is limited or associated with high costs.
The press release emphasizes that stable cryptocurrencies are an effective alternative to traditional banking mechanisms. They allow users to instantly send and receive funds with minimal costs and without the need to go through complex registration procedures. This makes them especially valuable in regions with insufficient financial infrastructure.
The collaboration between Orionx and Tether is aimed at practical application of such solutions. By providing merchants and organizations with tools for working with digital assets, the companies create a sustainable ecosystem in which cryptocurrency becomes a full-fledged means of settlements and financial management rather than a speculative instrument.
This step fits into Tether’s global strategy to expand access to financial technologies in emerging markets. The company is actively working to make digital payments more accessible, reliable and efficient, especially in regions with high inflation and low banking accessibility.