Tether $USTC makes a stake in the crypto exchange Orionx in Chile. The stablecoin giant Tether made a strategic investment in the crypto exchange Orionx, which is based in Chile, as it continues to expand its global presence and support for cryptocurrency adoption. Tether, the issuer of leading stablecoin Tether Tether
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On June 3, 2025, Tether $USDC announced its investment in the Chilean digital assets and infrastructure company. The investment is part of Orionx's series A funding round, which Tether led, according to specifics. Orionx offers its crypto cross-border payments solution in Chile, Peru, Mexico, and Colombia, where it has operations. The funding will allow the platform to consolidate its operations in the region, Tether noted in a blog post.
The company will also use the capital injection to scale its stablecoin-powered infrastructure, targeting further adoption of its solution for remittances, treasury services and payment collection across LATAM. Orionx will also target the large number of adults in the region who do not have a bank account. This is important because LATAM users received almost $415 billion in cryptocurrency between July 2023 and June 2024. Investment in Orionx adds to Tether’s other notable strategic moves, including the USDT issuer’s backing of self-custodial crypto wallet Zengo in February 2025.
A couple of months later, in April, Tether invested in Fizen Limited, a fintech company focused on digital payments and crypto self-custody wallets. The deals aim at supporting Tether’s quest to enhance global stablecoin adoption, including in regions with high numbers of unbanked and underserved populations.
Orionx will support this initiative via the Tether collaboration, said Joel Vainstein, CEO of Orionx.
