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June 3, 2025 – Tether, the largest company in the digital asset industry and issuer of the world’s most widely used stablecoin, USDT, today announced a strategic investment in Orionx, a leading Chilean digital asset exchange and financial infrastructure company. This investment officially closes Orionx’s Series A funding round, led exclusively by Tether, signaling a significant commitment to advancing financial inclusion and strengthening resilient digital payments channels across emerging markets in Latin America.
Orionx, with established operations in Chile, Peru, Colombia, and Mexico, specializes in integrating cryptocurrencies into both B2B and retail systems, delivering cost-effective financial tools. The capital injection from Tether will enable Orionx to consolidate its regional operations, enhance its technological capabilities, and scale stablecoin-powered infrastructure for remittances, payment collection, and treasury services throughout Latin America (LATAM).
The investment comes at a pivotal time for digital asset adoption in LATAM. According to Chainalysis, the region received nearly $415 billion in cryptocurrency between July 2023 and June 2024, with stablecoins accounting for the majority of indirect flows from local to global exchanges, particularly in countries like Brazil and Argentina. The rapid devaluation of local currencies, rising inflation, and growing public debt in economies like Argentina have driven retail and institutional users to seek stability in stablecoins. Despite this progress, LATAM still faces significant financial exclusion, with the world’s second-highest proportion of unbanked adults. Stablecoins offer a vital alternative, providing instant, secure, and affordable transactions without reliance on conventional banking systems.
Tether’s investment directly addresses these gaps through Orionx’s "Remittances as a Service" platform, which enables businesses to offer near-instant, low-cost cross-border payments to their customers. Orionx’s infrastructure also supports seamless transaction processing, local fiat on and off-ramps, and simplified onboarding, bringing real-life use cases to users and empowering institutions and merchants to settle with stablecoins.
Paolo Ardoino, CEO of Tether, emphasized the strategic importance of this collaboration: "Tether is continuously expanding its mission to foster financial inclusion by investing in technologies and teams that deliver real-world value through stablecoin in emerging markets. 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. Orionx is expanding access to digital assets in LATAM and building meaningful pathways for individuals and businesses to engage with the global economy in a stable, transparent, and efficient way."
Joel Vainstein, CEO of Orionx, echoed this sentiment: "We are proud to have been chosen as part of Tether’s portfolio of companies and a collaborator for the LATAM region. Establishing this strategic collaboration between Orionx and Tether marks a turning point in our B2B vision: we see exponential growth in the number of companies seeking faster and more cost-efficient solutions for payment collection, distribution, and treasury management across the region. Having Tether, the undisputed global leader in stablecoins, by our side will allow us to accelerate this path with digital, flexible, and scalable solutions."
The collaboration reflects a shared mission to empower individuals and businesses with reliable alternatives to traditional banking systems through self-custodial, dollar-pegged digital assets. As stablecoins become increasingly embedded in daily financial interactions across LATAM, Tether remains committed to leading the global charge for inclusive financial and technological innovations.
About Tether:
Tether is the largest company in the digital asset industry, with its USDT stablecoin being the most widely used globally. Committed to financial inclusion and innovation, Tether supports and creates technology that fosters a decentralized, open, and sustainable future. Its mission extends to empowering individuals and businesses in emerging markets by providing accessible, stable, and transparent financial tools.
About Orionx:
Orionx is a leading Chilean cryptocurrency exchange and financial infrastructure company operating across Chile, Peru, Colombia, and Mexico. It offers wallet services, instant buy/sell options, and advanced trading for cryptocurrencies like Bitcoin, Ethereum, and Tether. Orionx focuses on providing cost-effective, secure, and transparent digital financial solutions, including "Remittances as a Service," to integrate cryptocurrencies into both B2B and retail systems and serve the unbanked and underbanked populations in Latin America.
Compiled by CMO Intern team
