Tether expands in Latin America with investment in Chilean Exchange, Orionx

By Hannah Pérez

The USDT station strengthens its presence in Latin America with investment in Orionx, cryptocurrency platform with presence in Chile, Colombia, Peru and Mexico. It will take advantage of the stablecoins to boost financial inclusion in the region.

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Tether invests Chilean Orionx cryptocurrencies.
The USDT station expands in Latin America with the mission of promoting financial inclusion.
The stablecoins become key tools for not banking in the region.
It is part of Tether’s efforts of global expansion and investments in various businesses.

Tetherthe company behind the largest Stablecoin In the world, he is investing in a business originally from Chile as part of his effort to strengthen his presence in Latin America.

In a press release on Tuesday, Tether He announced an investment for an unleashed amount in Orionx, an exchange of cryptocurrencies based in Chile and presence in countries such as Peru, Mexico and Colombia.

This investment underlines the continuous commitment of Tether With the advancement of financial inclusion and the strengthening of resilient digital payment channels in emerging markets, in the words of the USDT station itself.

The movement aims to help boost digital assets in Latin America –A region with the second highest proportion of unchanged adults in the world– and is part of the broadest efforts of Tether To expand your presence globally, while enlarging your investment portfolio.

“Tether is continuously expanding its mission of promoting financial inclusion by investing in technologies and equipment that offer real world value through Stablocoin in emerging markets“, Said Paolo Ardoino, CEO of Tether.

STABLECINS: A key product in Latin America

The Stablecoinsonce a niche within the cryptocurrency market, they have been growing to become a pillar of global payments as more traditional institutions and users around the world hug them in everyday life.

This kind of assets, frequently linked to a fiduciary currency with the US dollar, allow cross -border transactions to be liquidated in a matter of seconds, thus providing advantages against the system inherited from payments, which has attracted the attention of high profile banks that seek to reduce times and operational costs for both suppliers and end users.

The characteristics of Stablcions They make them especially valuable for users in emerging markets, with high dependence on remittances and the need for alternative financial mechanisms. In the Latin American region, the so -called digital dollar are also widely used as a savings alternative to avoid local inflation.

According to data from ChainysisLatin America received almost USD $ 415 billion cryptocurrencies in a year until June 2024.

“Stable currencies offer a vital alternative, allowing people and businesses to send and receive money instantaneously, safe and affordable, without depending on conventional banking systems or navigating complex registration processes“He said Tether.

Tether led Orionx investment round

According to the declaration, the investment officially closes the financing round of the A series of Orionxled exclusively by Tetherand will allow the company to consolidate its regional operations, improve its technological capabilities and climb the infrastructure driven by Stablecoins for remittances, collection of payments and treasury services throughout Latin America.

The exchange had raised in 2023 an unleashed amount of money in a round led by Bitfinexthe sister company of Tetheras the news media remembers COINDESK.

“When closing the Orionx Serie A round, we not only support a high -impact company, but also advance in our broader vision of making the financial tools driven by Stablcoins accessible to the unattended communities throughout the region. Orionx is expanding access to digital assets in Latam”Ardoino added.

The news occurs at an expansive moment for Tetherwhich in the last year has been actively investing in sectors ranging from mining Bitcoin Even agriculture, energy, artificial intelligence and even professional cinema and football.

USDT, linked to the US dollar and operated by Tetheris the biggest Stablecoin by market capitalization with a current valuation of USD $ 153 billion, according to data from Coinmarketcap.

Hannah Estefanía Pérez / Diariobitcoin

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