Tether Grows in Latin America, Pours Funds into Chilean Crypto Exchange: Discover Top Cryptos to Purchase!

Tether has made a strategic investment in a Chilean crypto asset exchange as part of its efforts to tap into Latin America’s burgeoning $415 billion crypto asset crypto market. As reported by Chainalysis, LATAM received close to $415 billion in crypto asset during the period from July 2023 to June 2024, predominantly driven by stablecoins which facilitated the majority of indirect transfers between local and global exchanges, especially in nations such as Brazil and Argentina.

On 3 June 2025, Tether declared its investment in Orionx, one of the foremost digital asset exchanges in Chile, which also serves as a financial infrastructure provider focused on facilitating cross-border transactions.

Paolo Ardoino, Tether’s CEO, stated, “Orionx is enhancing the accessibility of digital assets in LATAM and creating significant avenues for individuals and businesses to connect with the global economy in a stable, transparent, and efficient manner.”

Currently, Orionx operates in Chile, Peru, Colombia, and Mexico. This investment officially completes Orionx’s Series A funding round, which has been solely led by Tether.

¡Tether invierte en Orionx

Nos complace anunciar que https://t.co/wE2duuv0Ui, la compañía detrás de la stablecoin más trending del mundo, ha oficializado su inversión en nosotros.

Comunicado oficial: https://t.co/TkSvlpaDN4

— Orionx (@orionx) 3 de junio de 2025

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Insights on LATAM’s Growing Interest in Stablecoins

Tether emphasized that even with advancements in the digital asset realm, LATAM continues to hold the second-highest rate of unbanked adults worldwide.

A considerable portion of the population still faces underbanking or exclusion from conventional financial services due to strict documentation obligations, limited access to banking institutions, geographic barriers, and elevated transaction expenses.

Moreover, the swift depreciation of local currencies, escalating inflation, and increasing public debt in countries like Argentina have compelled retail and institutional participants to seek refuge in stablecoins.

Brazil has also experienced a notable uptick in institutional crypto activity, backed by enhancing regulatory frameworks and a growing appetite for stablecoin-driven B2B cross-border transactions.

“In light of this context, stablecoins present a crucial alternative, enabling individuals and enterprises to transfer and receive funds instantaneously, securely, and cost-effectively, without depending on traditional banking frameworks or intricate registration protocols,” remarked Tether.

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This interest is not merely speculative; it has captured the attention of institutional investors as well. The native token, $SOLX, not only powers the project but is also utilized for locking tokens, securing the protocol, and covering fees.

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If the demand for scalable infrastructure on Solana accelerates, this project could see substantial growth.

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