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- Bitso Business expands to Chile and Peru, consolidating its position as a regional crypto payments infrastructure provider.
- The firm introduces FXaaS and Pay with Bitso, enhancing stablecoin integration for cross-border corporate transactions across Latin America.
Bitso Business, the business-to-business division of Bitso, announced its expansion into Chile and Peru, extending its crypto infrastructure services for cross-border payments to six Latin American markets. The company already operates in Mexico, Brazil, Argentina, and Colombia.
Imran Ahmad, General Director of Bitso Business, revealed the expansion during the Stablecoin Conference 2025 held in Mexico City. He emphasized the goal of offering a single integration point for companies aiming to operate across the region. According to Ahmad, the platform seeks to eliminate the complexity of working with multiple providers by offering a unified application programming interface (API) that grants access to all participating countries.
“If your company wants to work with Latin America, you don’t need to hire a different supplier for Mexico, Brazil, Argentina, Chile, and Peru, because that’s a problem. What you want is an API, a set of integrations that gives you access to the region more broadly. That’s our plan, and that’s how we approach it. Bitso is the gateway to Latin America,” he explained.
During the event, Bitso Business also introduced two new services: FXaaS, a foreign exchange solution for businesses, and Pay with Bitso, which enables merchants to accept payments directly in cryptocurrencies. The company’s recent report, Panorama de Stablecoins en América Latina 2025, noted that transactions involving currencies, treasury operations, and arbitrage represented 45% of its total processed payments during the first half of 2025.
“As a result, we are building our entire infrastructure to effectively support these cross-border flows. So, if you want to send money from the US to Mexico, you can now do so with stable cryptocurrencies and through what is known as the stablecoin sandwich, which consists of converting fiat to stablecoins and vice versa. Bitso is the central part of that transaction, as we work with stablecoins and fiat,” he summarized.
Ahmad explained that foreign exchange operations have become an essential component of the stablecoin market, providing faster and more transparent cross-border transactions. The firm is building infrastructure to support these transactions efficiently, allowing users to convert fiat to stablecoins and back again through Bitso’s platform.
“We believe that the Genius Act was an incredible first step that the US government took to establish a regulatory framework. Other countries are considering it and identifying which frameworks work for their respective markets.”
He also commented on the U.S. Genius Act, the first national legislation to regulate payment stablecoins, describing it as an early framework other countries could evaluate for adaptation. Bitso’s strategy focuses on cooperation with governments to ensure legal compliance while supporting the broader use of stablecoin infrastructure in regional economies.
“Our position at Bitso is to work with the government to ensure that everything complies with regulations and the law, and we are helping to drive innovation that boosts economies, because we believe that in the future, sectors of the economy will migrate to stablecoin infrastructure, and we want to support Latin America in achieving this more quickly,” he added.
According to Ahmad, the business segment of Bitso is growing rapidly and could eventually surpass the consumer side due to rising adoption in Latin America.
Orionx Secures Tether Investment, Unlocking Cost-Efficient Cross-Border Stablecoin Solutions
According to Chainalysis, the region received nearly $415 billion in cryptocurrency transactions within a single year through June 2024. Tether’s involvement with Orionx seeks to increase the reach of stablecoins, allowing businesses and individuals to access reliable digital payment methods. Paolo Ardoino, Tether’s CEO, emphasized that the investment supports “financial tools accessible to underserved communities,” highlighting a focus on practical adoption rather than speculative activity.
Orionx’s CEO, Joel Vainstein, described the collaboration as a strategic milestone for the company’s B2B operations, noting that the partnership will create cost-efficient solutions for payment collection, treasury management, and fund distribution. The integration of Tether’s stablecoins into Orionx’s platform aims to facilitate real-time transactions across borders, reducing reliance on traditional banking systems and mitigating volatility often associated with digital assets.
“By closing Orionx’s Series A funding round, we are not only supporting a high-impact company, but also advancing our broader vision of making stablecoin-based financial tools accessible to underserved communities across the region,” said Paolo Ardoino.
The investment underscores a growing trend in Latin America where exchanges act as entry points for stablecoin adoption, particularly in countries with limited financial infrastructure. By concentrating on accessible digital payments, Tether and Orionx provide an alternative mechanism for businesses and consumers to manage liquidity. The initiative may also reinforce confidence in stablecoin usage, aligning with broader efforts to standardize financial operations in emerging markets.
