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tether invests in orionx
Key Points:* Tether’s strategic investment in Orionx aims to expand cryptocurrency accessibility in Latin America.
The Series A funding enables Orionx to enhance its capabilities, focusing on stablecoin-driven remittance services and expanding its presence in the region. This move is expected to drive significant growth in stablecoin usage and improve market liquidity, especially through the use of USDT.
Tether’s $415 Billion Move to Revolutionize Latin America
Community reaction has been predominantly positive, with regional stakeholders seeing this as a step towards broader cryptocurrency adoption. While official statements from the tech heads are limited, Tether has emphasized its goal of financial inclusion in emerging markets.
Coincu research suggests that Tether’s move may influence regional regulatory attitudes, fostering greater acceptance of crypto in B2B markets and possibly prompting similar investments. This could strengthen the sector’s resilience amid economic fluctuations in Latin America.
Latin America’s Crypto Surge: Stablecoins Lead the Charge
Did you know? Tether’s investment in Orionx aligns with regional trends, as Latin America has seen nearly $415 billion in crypto transactions between 2023 and 2024, driven by stablecoins in light of inflation challenges.
Bitcoin (BTC) currently trades at $105,397.65 with a market cap of 2.09 trillion, accounting for 63.14% dominance. Recent 24-hour trading volume stands at 43.50 billion, rising by 6.70%. Despite short-term volatility, BTC saw a 28.19% increase over 60 days (Source: CoinMarketCap).