The investment aims to accelerate the use of stablecoin-powered financial services across the region, particularly in underserved and inflation-prone economies.
According to the statement, Orionx currently serves users in Chile, Peru, Colombia, and Mexico.
With fresh capital from Tether, the company plans to upgrade its technical infrastructure, expand its business-facing solutions, and streamline services like remittances, collections, and treasury operations.
Tether’s investment supports Orionx’s effort to offer a faster, more inclusive alternative. The firm’s “Remittances as a Service” model allows merchants and institutions to process cross-border payments with low fees, rapid settlement, and local currency conversions.
This infrastructure also includes simplified onboarding, enabling users to transact without the complexities of legacy banking systems.
“By closing Orionx’s series A round, we are not only supporting a high-impact company but also advancing our broader vision of making stablecoin-powered financial tools accessible to underserved communities across the region.”
Tether, citing Chainalysis data, reported that the region processed over $400 billion in crypto transactions between July 2023 and June 2024, most of which involved stablecoins like USDT.
Despite this growth, large parts of Latin America remain financially excluded. Millions of adults lack access to banking due to geographic limitations, high fees, and rigid documentation requirements. In response, crypto platforms are stepping in to close the gap.
