On June 3, Tether announced a strategic investment in Orionx, a digital asset exchange based in Chile. Orionx operates not only in the Chilean market but also expands to Peru and other countries, aiming to promote the integration of cryptocurrency applications into B2B and retail systems. The project's main goal is to provide low-cost financial tools, helping businesses and individuals more easily access modern financial solutions based on cryptocurrencies.
This investment helped Orionx complete its Series A Capital round, marking an important step in consolidating regional business operations. With new resources, Orionx will enhance technical capabilities to develop stablecoin products and expand cross-border money transfer infrastructure. This is a strategic move that leverages the power of stablecoins to create faster, more transparent, and less expensive payment solutions for the South American market, especially in the context of rapidly increasing cryptocurrency transaction demand.
Orionx is committed to building a sustainable cryptocurrency ecosystem, promoting widespread adoption among businesses and retail customers. Their focus on stablecoin-based remittance infrastructure demonstrates their ambition to improve international money transfer flows, minimize exchange rate volatility risks, and increase liquidation. Simultaneously, upgrading blockchain technology and smart contracts helps optimize processes, contributing to making digital payments a new standard in regional financial activities.
Overall, the investment from Tether not only provides necessary capital but also creates a strong impetus for developing technical infrastructure and market scale for Orionx. The intersection between stablecoin platforms and localized digital payment systems will help drive the wave of cryptocurrency adoption in the region, opening positive prospects for digital financial economic development in South America in the long term.
