Bitso: Stablecoins Hit 40% of Latam Crypto Buys
Key Takeaways:
This dynamic repeats across all nations, with variations. In Argentina, dollar domination is large, with USDC and USDT totalling over 70% of all cryptocurrency bought. On the contrary, Brazil is the most balanced market, where stablecoins reached 34% of all purchases, while bitcoin topped at 22%. Colombia and Mexico sit in the middle.
According to Bitso, these findings reflect “a structural shift in how crypto is being used across the region: less as a speculative instrument and increasingly as financial infrastructure for savings, payments, and cross-border value transfer.”
The prevalence of stablecoins indicates that Latam is not adopting stablecoins as a result of the decentralization they provide or by the innovation, but to access a stable currency in a reliable way, something that traditional systems are unable to provide.
Even so, bitcoin remains an anchor for crypto holders in the region, as it represent 52% of all the region’s portfolios. The slight movement in this benchmark, falling only 1% year-on-year, indicates the solidity of the prime cryptocurrency for Latam holders, defining a trend that focuses on stablecoins as a means of payment and bitcoin as a reserve of value to counter the region’s troubled economic standing.
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