Stablecoins Propel Latin America's Crypto Economy with $50B in Transactions

23/08/2025 15:45

Stablecoins have become a cornerstone of Latin America's crypto economy, facilitating over $50 billion in transactions from January 2021 to July 2025, according to Dune's Latam Crypto 2025 Report. USDT and USDC dominate the market, accounting for 90% of exchanges' transfer volume in July, highlighting their widespread adoption in the region. The report identifies Ethereum as the primary network for stablecoin transactions, with Tron and Polygon also gaining traction for specific use cases. Regional exchanges like Bitso have noted a shift towards practical applications of stablecoins, including payments and remittances, reflecting their growing importance in the decentralized economy.

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