Latin America Leans On Stablecoins Amidst Inflationary Pressures

Tether has partnered with Orionx, a Latin American cryptocurrency exchange based in Chile, to drive crypto adoption across the region. This collaboration comes as stablecoins like USDC and USDT gain popularity among Latin Americans seeking inflation hedges for their savings. According to Chain Analysis, Argentina and Brazil are experiencing high levels of crypto activity due to inflationary pressures and limited access to traditional banking infrastructure. Orionx focuses on providing accessible financial tools through stablecoin solutions, enabling businesses to make faster and cheaper cross-border payments without relying on banks. This partnership is a significant step towards addressing the need for innovative financial solutions in underserved communities across Latin America.