{"id":29985,"date":"2025-06-03T13:33:08","date_gmt":"2025-06-03T13:33:08","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29985"},"modified":"2025-06-03T13:33:08","modified_gmt":"2025-06-03T13:33:08","slug":"tether-invests-in-chilean-crypto-exchange-orionx-to-drive-latin-american-adoption","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29985","title":{"rendered":"Tether Invests in Chilean Crypto Exchange Orionx to Drive Latin American Adoption"},"content":{"rendered":"<div>\n<p>Stablecoin issuer Tether has announced a strategic investment in Orionx, a cryptocurrency exchange based in Chile that operates in Peru, Colombia, and Mexico.<\/p>\n<p>The investment closes Orionx&#8217;s Series A raise, which was led by Tether. The exchange also <a href=\"https:\/\/www.coindesk.com\/business\/2023\/05\/24\/bitfinex-invests-in-chilean-crypto-exchange-orionx-to-expand-presence-in-latin-america\">raised an undisclosed amount<\/a> in 2023 in a round led by Bitfinex, Tether&#8217;s sister company.<\/p>\n<p>Tether will use the investment to enhance its presence in Latin America, a region that has the <a href=\"https:\/\/www.emarketer.com\/content\/latin-america-s-un--underbanked-consumers-offer-foreign-banks-large--accessible-market?\">second-highest proportion<\/a> of unbanked adults. The region also received nearly $415 billion worth of crypto in a one calendar year until June 2024, according to <a href=\"https:\/\/www.chainalysis.com\/blog\/2024-latin-america-crypto-adoption\/\">Chainalysis<\/a>.<\/p>\n<p>\u201cBy closing Orionx\u2019s 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,&#8221; said Paolo Ardoino, Tether&#8217;s CEO in a <a href=\"https:\/\/tether.io\/news\/tether-announces-strategic-investment-in-orionx-to-advance-digital-asset-adoption-across-latin-america\/\">blog post<\/a>.<\/p>\n<p>Joel Vainstein, Orionx&#8217;s CEO, added that the collaboration &#8220;marks a turning point&#8221; in the company&#8217;s B2B vision and that it will produce more &#8220;cost-efficient solutions for payment collection, distribution and treasury management.&#8221;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Stablecoin issuer Tether has announced a strategic investment in Orionx, a cryptocurrency exchange based in Chile that operates in Peru, Colombia, and Mexico. The investment closes Orionx&#8217;s Series A raise, which was led by Tether. The exchange also raised an undisclosed amount in 2023 in a round led by Bitfinex, Tether&#8217;s sister company. Tether will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29985","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29985"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29985\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}