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Tether Invests in Orionx to Expand Stablecoin Use Across Latin America

Highlights:

  • Tether has invested in Orionx to expand stablecoin access across Latin countries.
  • Orionx is boosting crypto services to support faster and cheaper payments in underserved regions.
  • Stablecoin demand is rising in Latin America as more users seek better options than local currencies.

Tether has completed a strategic investment in Orionx, a financial infrastructure company that focuses on cross-border payments. This funding officially closes Orionx’s Series A round and will help the company grow its presence across Latin America. With this new backing from Tether, the company plans to improve its digital tools and reach more users in need of fast and stable payment options.

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The exchange offers stablecoin-based financial services that work without traditional banks. Through its “Remittances as a Service” model, Orionx allows businesses to send and receive cross-border payments quickly and at a lower cost. This is especially helpful for companies that must pay high costs and wait long periods with traditional payment methods.

Orionx will use the fresh investment to develop its platform and enter new business-to-business markets. The goal is to offer more businesses tailored services for managing treasury, collecting money and carrying out quick payments. The rising popularity of digital currencies in Latin America has helped Orionx gain momentum to serve more users. Tether’s participation also reflects a wider effort to use stablecoins more often in everyday life.

Crypto Payments Gain Ground in Latin America Amid Banking Gaps

Digital currencies are growing fast in Latin America, especially in areas where traditional banking services are limited. Stablecoins provide people and companies with a convenient and secure method for handling money.

In Argentina, people are now seeking out investment choices that are more secure because of the country’s high inflation and weaker currency. Stablecoins are now widely used to preserve deposits and savings. Many Brazilian companies are taking advantage of crypto to handle their cross-border payments more easily and at less cost. One of the main issues in the area is the lack of access to banks. Many adults are unable to open accounts or send money because it requires them to travel long distances, complete strict papers or pay high fees.

Orionx enters the scene to help people use digital dollars without requiring a bank account. The company makes it possible for people and businesses to change and transfer money affordably, helping them become part of the digital economy.

Tether Investment in Orionx Brings a New Chapter for Stablecoin Accessibility

Tether’s action to support Orionx proves its efforts to provide better financial options for people through stablecoins. Orionx provides users with access to real tools through platforms designed for quick and safe transactions. This partnership hopes to make it easier for both companies and individuals to use stablecoins.

According to Joel Vainstein, Orionx’s CEO, this partnership will aid in faster expansion and allow the company to provide top-notch services to its clients. The two firms share a vision to bring practical digital finance solutions to the region.

Alongside this effort, Tether has also made large transfers in Bitcoin. Recently, the company moved more than 37,000 Bitcoin, valued at around $3.9 billion, to wallets connected to Twenty One Capital. These transfers, shared by Tether’s CEO, are part of a broader strategy that includes support for new platforms in the digital asset space.

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