Guy Fawkes 
Tether has invested in a Chilean crypto exchange in a bid to expand to Latin America’s $415 billion cryptocurrency market. According to Chainalysis, LATAM received nearly $415 billion in cryptocurrency between July 2023 and June 2024, with stablecoins accounting for the majority of indirect flows from local to global exchanges, particularly in countries like Brazil and Argentina.
On 3 June 2025, Tether announced investing in Orionx, one of the leading Chilean digital asset exchanges and a financial infrastructure company specializing in cross-border payments.
Paolo Ardoino, CEO of Tether, said, “Orionx is expanding access to digital assets in LATAM and building meaningful pathways for individuals and businesses to engage with the global economy in a stable, transparent, and efficient way.”
Currently, Orionx has operations across Chile, Peru, Colombia, and Mexico. Notably, this investment officially closes Orionx’s Series A funding round, led exclusively by Tether.
¡Tether invierte en Orionx
Estamos entusiasmados de anunciar que https://t.co/wE2duuv0Ui, la empresa que está detrás de la stablecoin más utilizada del mundo, ha invertido oficialmente en nosotros.
Comunicado oficial: https://t.co/TkSvlpaDN4
— Orionx (@orionx) June 3, 2025
DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025
Tether on why LATAM has a growing interest in Stablecoins
Tether noted that despite this progress in the digital asset space, LATAM still has the world’s second-highest proportion of unbanked adults.
It is found that a significant share of the population remains underbanked or excluded from traditional financial services due to strict documentation requirements, limited access to financial institutions, distance, and high transaction fees.
Furthermore, the rapid devaluation of local currencies, rising inflation, and growing public debt in economies like Argentina have driven retail and institutional users to seek stability in stablecoins.
Brazil also witnessed a significant rise in institutional crypto activity, supported by maturing regulatory frameworks and rising demand for stablecoin-based B2B cross-border payments.
“In this situation, stablecoins offer a vital alternative, allowing individuals and businesses to send and receive money instantly, securely, and affordably, without relying on conventional banking systems or navigating complex registration processes,” said Tether.
DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now
Explore Best Crypto To Buy!
So we came up to our last pick, but with the highest possibility of return. It is the first-ever Layer 2 build on the Solana crypto. Since their presale launch on 13th of December 2024, SOLAXY has raised over $43 million.
This is not only hype from the degens side but also from institutional investors. $SOLX is the native token of the project that is also used for staking and securing the network and fees.
Right now, the APY is 93%, which can furthermore boost your gains. This means long-term holdings are staying within the project, which will help the chart price.
SOLAXY is using a rollup approach to finalize transactions off-chain in order to be faster, more secure, and use fewer fees. That helps with no congestion and also no downtime.
Combined with the meme vibes and excellent community, it is a perfect place to be. Already, big names are talking that this project could be the breakout Solana project of altcoin season.
And if demand for scalable Solana infrastructure ramps up, this could go vertical.
DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Key Takeaways
Tether is investing in Orionx – a crypto exchange with operations across Chile, Peru, Colombia, and Mexico.
Chainalysis, LATAM received nearly $415 billion in cryptocurrency between July 2023 and June 2024, with stablecoins accounting for the majority of indirect flows from local to global exchanges, particularly in countries like Brazil and Argentina.
The post Tether Expands in Latin America, Invests in Chilean Crypto Exchange: Explore Best Crypto to Buy! appeared first on 99Bitcoins.
Altcoins, News, Altcoin News Today, latin america, Stablecoins, Tether
99Bitcoins
[crypto-donation-box type=”tabular” show-coin=”all”]
