Tether, the king of stablecoins, just made another strategic move. On June 3, 2025, it announced it is leading the Series A funding round for Orionx, a digital assets and infrastructure company based in Chile. Because, well, why not expand the crypto empire in Latin America, right?
Orionx isn’t just chilling in one country. This company’s got a presence in Chile, Peru, Mexico, and Colombia, providing crypto-powered cross-border payment solutions. And with Tether’s investment, the company will beef up its operations and hopefully make crypto a household name across the region.
But wait, there’s more! This isn’t just about padding Orionx’s pockets. The funding will help Orionx scale up its stablecoin-powered infrastructure to make remittances, treasury services, and payment collection smoother for the entire LATAM region. Plus, with a whopping $415 billion in crypto flooding the region between July 2023 and June 2024, there’s a massive opportunity to target the many unbanked adults across the area.
Paolo Ardoino, Tether’s CEO, dropped a bomb on this development:
“By closing Orionx’s Series A round, we are not only supporting a high-impact company but also advancing our broader vision of making stablecoin-powered financial tools accessible to underserved communities across the region.”
Tether’s Growing Footprint in Crypto Infrastructure
This latest move is just one chapter in Tether’s ongoing mission to dominate the stablecoin space worldwide. Earlier this year, Tether backed self-custodial wallet Zengo in February, and in April, it invested in Fizen Limited, a fintech company specializing in digital payments and self-custody wallets. So, yeah, Tether’s on a roll.
Joel Vainstein, CEO of Orionx, couldn’t be more thrilled about the partnership:
“Having Tether, the undisputed global leader in stablecoins, by our side will allow us to accelerate this path with digital, flexible, and scalable solutions.” Guess he’s not wrong there.
With stablecoin adoption skyrocketing and underserved populations being the target, it looks like Tether’s got its eyes set on conquering the LATAM market one crypto-powered transaction at a time.
Gunel Ismayilova
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