Tether Expands Its Footprint in Latin America by Investing in a Chilean Cryptocurrency Exchange
Tether's latest investment aims to penetrate the growing crypto market in Latin America by backing a leading exchange in Chile.
Tether has made a strategic investment in Orionx, a major cryptocurrency exchange in Chile, as part of its expansion efforts into Latin America’s growing crypto market. According to Chainalysis, the region has attracted approximately $415 billion in cryptocurrency from July 2023 to June 2024, primarily driven by stablecoins, particularly in Brazil and Argentina.
On June 3, 2025, Tether declared its investment in Orionx, a leading player in Chile’s digital asset landscape, which supports cross-border payments.
“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,” noted Paolo Ardoino, CEO of Tether.
Presently, Orionx operates across Chile, Peru, Colombia, and Mexico. This investment also marks the closure of Orionx’s Series A funding round, exclusively led by Tether.
馃摚 隆Tether invierte en Orionx! Estamos entusiasmados de anunciar que http://t.co/wE2duuv0Ui, la empresa que est谩 detr谩s de la stablecoin m谩s utilizada del mundo, ha invertido oficialmente en nosotros.
(Translation: 馃摚 Tether invests in Orionx! We are excited to announce that Orionx, the company behind the world’s most used stablecoin, has officially invested in us.)
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Tether on why LATAM has a growing interest in Stablecoins
Tether emphasizes that despite the growth in the digital asset sector, LATAM still has one of the highest rates of unbanked adults globally. Many individuals are left underbanked due to stringent documentation requirements, limited accessibility to financial institutions, and high transaction costs.
Additionally, the swift depreciation of local currencies, hefty inflation rates, and mounting public debt in countries like Argentina have pushed both retail and institutional users towards stablecoins for stability. Brazil, too, has seen an increase in institutional crypto activities, bolstered by developing regulatory environments and a burgeoning demand for stablecoin-powered B2B cross-border payments.
“In this situation, stablecoins offer a vital alternative, allowing individuals and businesses to send and receive money instantly, securely, and affordably, without relying on conventional banking systems or navigating complex registration processes,” stated Tether.
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