Tether has announced a strategic investment in Orionx, a digital asset platform that is active in Latin -America, according to a June 3 rack.
The investment is intended to accelerate the use of financial services driven by Stablecoin in the region, in particular in disadvantaged and inflation-sensitive economies.
According to the statement, Orionx is currently operating users in Chile, Peru, Colombia and Mexico.
With fresh capital of Tether, the company is planning to upgrade its technical infrastructure, can be expanded business -oriented solutions and to streamline services such as transfers, collections and treasury activities.
Support a meaningful impact
Tether’s investment supports Orionx’s efforts to offer a faster, more including alternative. With the ‘transfer of’ service ‘from the company, traders and institutions can process cross -border payments with low costs, fast settlement and local currency versions.
This infrastructure also includes simplified onboarding, so that users can be handed over without the complexity of Legacy Banking Systems.
Paolo Ardoino, CEO of Tether, said that the investment reflects the company’s mission to support technology that has a meaningful impact. He added:
“By closing the Orionx series A-round, we not only support a high-impact company, but also our broader vision of making stablecoin-driven financial tools that are accessible to disadvantaged communities in the region.”
The initiative is part of Tether’s wider urge to deepen the integration of the Stablecoin, where traditional banking often fails.
Stablecoins see widespread adoption in Latin -America, because individuals and companies try to protect their money against currency evaluation.
Tether, stating chainsalysis data, reported that between July 2023 and June 2024 the region processed more than $ 400 billion in crypto transactions, most of which are stabile -ins such as USDT.
Despite this growth, large parts of Latin -America remain financially excluded. Millions of adults lack access to banking due to geographical disabilities, high costs and rigid documentation -requirements. In response, crypto platforms are entering to close the gap.
Tether’s investment strategy
The Orionx deal is one of the many investments that Tether has recently made to expand its influence than Stablecoins.
The company has financed companies in several sectors, including mining company Bitdeer, video platform Rumble and Sportteam Juventus.
Yet the flagship product of Tether, USDT, remains its central focus. From the moment of the press, USDT has a market capitalization of more than $ 153 billion, making it the most used Stablecoin in the world CryptoSlate’s facts.
