Summary
- Tether announced that it has made a strategic investment in the Chilean virtual asset exchange OrionX.
- This investment aims to strengthen cryptocurrency payment channels in emerging markets.
- Tether emphasized expanding access to finance based on stablecoins and stated it would contribute to building cost-efficient payment and financial management solutions in Chile.
Tether (USDT), the issuer of the dollar-based stablecoin, has reportedly invested in the Chilean virtual asset (cryptocurrency) exchange OrionX.
On the 3rd (local time), Tether announced via an official press release, "We have made a strategic investment in OrionX, a leading virtual asset exchange in Chile," and added, "This investment is part of our strategy to strengthen cryptocurrency payment channels in emerging markets."
Paolo Ardoino, CEO of Tether, said, "Tether is promoting financial inclusion through global investments," and added, "Our vision is to enable underserved regions to access stablecoin-based finance."
Joel Weinstein, CEO of OrionX, stated, "We are proud to be recognized as a partner of Tether," and added, "Through this, we aim to establish cost-efficient payment and financial management solutions in Chile."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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