EddieJayonCrypto
3 Jun 25
Tether has made a strategic investment in Latin American digital asset platform Orionx to enhance stablecoin-powered financial services in the region, focusing on underserved and inflation-affected economies like Chile, Peru, Colombia, and Mexico. The investment will support upgrades to Orionx's inf...
Tether has strategically invested in Latin American digital asset platform Orionx to expand stablecoin-powered financial services in underserved, inflation-prone economies such as Chile, Peru, Colombia, and Mexico.Using Tether’s funding, Orionx plans to upgrade its infrastructure and enhance remittance, collection, and treasury services, enabling faster, low-cost cross-border payments with local currency conversion and simplified onboarding.Stablecoin adoption in Latin America is rapidly increasing as a hedge against currency devaluation, with over $400 billion in crypto transactions processed region-wide from July 2023 to June 2024, predominantly involving stablecoins like USDT.Millions of people in the region remain excluded from traditional banking due to geographic and financial barriers, driving platforms like Orionx to offer accessible financial solutions through crypto technology.Tether’s investments also extend beyond stablecoins into diverse sectors including mining, video streaming, and sports; however, USDT remains their flagship stablecoin, boasting a global market cap exceeding $153 billion and maintaining its position as the most widely used stablecoin worldwide.By backing Orionx’s “Remittances as a Service” model, Tether supports faster settlements with low fees and local currency support, promoting financial inclusion where legacy banking systems often fall short.This move exemplifies Tether’s broader vision to make stablecoin-powered financial tools accessible to underserved communities while continuing to deepen stablecoin integration throughout Latin America.