The CEO of Orionx, Joel Vainstein, proposes to create a stablecoin of the Chilean weight, with the aim of transforming and accelerating the payments of high amounts between companies, banks and financial institutions. The initiative aims to solve the slowness and high costs that are braking wholesale operations, both locally and internationally.
Vainstein diagnoses a sharp contrast in the national financial system. In this regard, he points out that while payments between people flow instantly and free, The corporate sector remains anchored to a system with restricted schedules and expensive processes.
“Companies are still trapped,” says the Executive, who adds that the recent Fintech law in Chile and the new regulation of stablcoins in the USA opens a decisive door to act now.
The action plan he proposed is structured in three fundamental pillars to build a 24/7 wholesale infrastructure. First, it establishes a transparent support for the stablecoin, combining sovereign bonds and deposits tokenized with the guarantee of the Central Bank.
Second, it requires a total technical and legal interoperability, implementing global safety standards (KYC/AML) and efficient liquidation mechanisms.
Finally, the road map proposes to immediately boost public-private pilots. These essays They would involve banks and companies to validate the use of the stablecoin in real operationssuch as payments to suppliers, transfers for large -scale imports and collection processes.
Vainstein also called for action, ensuring that a strategic alliance between the public and private sector can catapult Chile, making it an undisputed leader of digital financial infrastructure in the region.
Vainstein’s proposal takes on greater relevance after the recent announcement that Tether, the USDT Stablecoin’s issuing company (the largest in the world for market capitalization), made a strategic investment in its own company, Orionx, as Cryptonoticias reported in June.
Capital injection will allow Orionx to optimize its technology and aggressively expand its remittance services, collection and treasury management based on stablocoins in Chile, Peru, Colombia and Mexico. The decision underlines the crucial role that is believed are fulfilling the stablecoins, since They are seen in the region as a refuge before devaluation and inflationoffering citizens and companies an alternative for rapid and low -cost transactions.
However, highlighted that creation a stable can be interpreted as the creation of a “de facto CBD” system, as noted by an editorial article of cryptootics.
This is a system in which private companies issue a digital currency, but under strict financial surveillance standards that make them extensions of state control.
This model raises a direct challenge to the monetary sovereignty of other countries. In this scenario, Vainstein’s proposal to create a Chilean peso stablocoin not only responds to a need for local efficiency, but also aligns with a growing global urgency to develop sovereign infrastructures that allow nations to compete and maintain control of their monetary policy in the new financial ecosystem.
