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

Description

Tether invested in Chilean crypto exchange Orionx to boost crypto adoption in Latin America. The move aims to expand financial access in the Latin America, especially among unbanked communities.

Authors

Oliver Knight

Publish date

June 3, 2025

Publisher

CoinDesk

Web URL

https://www.coindesk.com/business/2025/06/03/tether-invests-in-chilean-crypto-exchange-orionx-to-drive-latin-american-adoption

Referenced by

Tether leads Series A for Chilean exchange Orionx

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News story

“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," said Paolo Ardoino, Tether's CEO in a blog post.

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Latin America, a region that has the second-highest proportion of unbanked adults. The region also received nearly $415 billion worth of crypto in a one calendar year until June 2024, according to Chainalysis

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