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Tether Doubles Down on LatAm Push—Backs Chilean Exchange Orionx in Bid for Regional Dominance
Tether Doubles Down on LatAm Push—Backs Chilean Exchange Orionx in Bid for Regional Dominance
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Tether’s latest power move? Pouring capital into Santiago-based Orionx—a clear play to cement USDT as Latin America’s de facto stablecoin. Because nothing says ’financial inclusion’ like a dollar-pegged token backed by... well, let’s just call it ’creative collateral.’
The exchange—now flush with fresh Tether liquidity—aims to onboard the unbanked while conveniently sidestepping local inflation. Cynics might call it dollarization-by-proxy. Pragmatists? A masterstroke in crypto-realpolitik.
One thing’s certain: When the world’s shadiest stablecoin starts writing checks, the global south cashes them first.
By:
http://www.coindesk.com/business/2025/06/03/tether-invests-in-chilean-crypto-exchange-orionx-to-drive-latin-american-adoption
