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Home web3.0 With This Investment, Tether Leads Orionx's Series A Funding Round

With This Investment, Tether Leads Orionx's Series A Funding Round

Jun 05, 2025 am 10:42 AM

With this investment, Tether leads Orionx’s Series A funding round for an undisclosed amount, aiming to expand the company’s foothold in Latam.

With This Investment, Tether Leads Orionx's Series A Funding Round

Tether, the leading stablecoin company, has announced a strategic investment in Orionx, a Chile-based, stablecoin-focused financial services company. The investment, which closes Orionx’s series A funding round, sees Tether joining an elite group of investors in the company.

The funds will be used to accelerate the expansion of Orionx’s solutions across Latam, where the company already has a presence in several countries, including Chile, Peru, Colombia, and Mexico. Orionx’s systems are designed to integrate stablecoins for several use cases, such as serving businesses with platforms capable of completing cross-border payments and providing fiat ramps.

This investment also highlights Tether’s strong focus on the Latam market, where it is positioning solutions to help consolidate cryptocurrency as an alternative for the region’s inhabitants. In this sense, Tether CEO Paolo Ardoino stated that this move supported a “high-impact company” and advanced Tether’s vision of “making stablecoin-powered financial tools accessible to underserved communities across the region.”

Tether’s focus in Latam is not gratuitous. According to E-Marketer, the region has the second-largest proportion of unbanked adults, making it a fertile market to implement stablecoin-based solutions. The company has also recently relocated its headquarters to El Salvador, establishing a base that will allow it to focus on emerging markets with no easy access to U.S. dollars.

Commenting on the investment, Joel Vainstein, CEO of Orionx, added: “We are honored to welcome Tether as an investor in Orionx. Having Tether, the undisputed global leader in stablecoins, by our side will allow us to accelerate this path with digital, flexible, and scalable solutions.”

The move is part of a series of investments made by the stablecoin giant to diversify its income sources, injecting funds in several fields, including artificial intelligence, green energy, cryptocurrency mining, and even agriculture.

News data source: kdj.com

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