Tether Expands in Latin America, Invests in Chilean Crypto Exchange: Explore Best Crypto to Buy!

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.. The post Tether Expands in Latin America, Invests in Chilean Crypto Exchange: Explore Best Crypto to Buy! appeared first on 99Bitcoins.

crypto

Jun 4, 2025 - 23:00

0 5

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.