June 5, 2025
Tether Invests in Chilean Crypto Exchange orionx to Drive Latin American Adoption thumbnail
Business

Tether Invests in Chilean Crypto Exchange orionx to Drive Latin American Adoption

The Exchange Also Received a 2023 Investment from Bitfinex.”, – WRITE: www.coindesk.com

The Exchange Also Received a 2023 Investment from Bitfinex. Jun 3, 2025, 12:47 pm

Stablecoin Issuer Tether Has Announced A Strategic Investment In Orionx, A Cryptocurrency Exchange Based in Chile That Operates in Peru, Colombia, and Menxico.

The Investment Closes Orions’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’s Sister Company.

Tether Will Use The Investment to Enhance ITS Presance in Latin America, A Region That Has The Second-Highhest Proportion of Unbanked Adults. The Region Also Received Nearly $ 415 Billion Worm of Crypto in A One Calendar Year Until June 2024, Accounting To Chainalysis.

“BY CLOSING ORIONS’S SERIES A Round, We Are Not Only Supporting A High-Impact Company But Also Advanceing Our Broader Vision of Making Stablecoin-Powered FinnCial TaCial Toolls ACELS ACELSAl Tooder Across The Region, “Said Paolo Ardoino, Tether’s CEO in A Blog Post.

Joel Vainstein, Orionx’s CEO, Aded that Collaboration “Marks a Turning Point” in the Company’s B2B Vision and that It Will Produce More “Cost-Efficiency of Solutions For the Collification, Droup. Management. ”

Oliver Knight

Oliver Knight is the Co-LEADER OF COINDESK DATA TOKENS AND DATA TEAM. Before joining coindesk in 2022 Oliver Spen Three Years As the Chief Reporter at Coin Riveet. He First Started Investing in Bitcoin in 2013 and Spen A Period of His Career Working at A Market Making Firm in the UK. He does not currently have any crypto holdings.

X Icon

Oliver Knight

Related posts

cccv

Litecoin Holds Support Level As Layer-2 Launch Signals Broader Utlity

unian ua

Trump’s Team ‘Knows Nothing’ About Apparent ‘$ Trump Wallet’ Launch

unian ua

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More