$1.5 Trillion Transacted in Latam: Stablecoin Economy Booms Amid Economic Instability

Rain, a company that provides infrastructure for issuing stablecoin-backed crypto cards, has released a report highlighting significant growth in the use of these tools in Latin America (Latam).

The 'State of stablecoins in Latin America' report shows that between 2022 and 2025, Latam processed nearly $1.5 trillion, with most transactions intermediated by stablecoins.

This adoption is driven by the region's economic limitations, including currency instability and high devaluation rates, which have led to a natural demand for a reserve value.

Stablecoins offer a solution to these problems, allowing users to cut transfer fees by up to 92% compared to traditional cross-border settlement services.

The report also highlights the limited access to banking services in countries like Mexico and Colombia, where stablecoins can act as alternative finance vehicles via neobanks.

Rain singled out Colombia and Bolivia as vibrant markets, with significant growth in Rain cardholders and spending respectively. In 2025, the number of Rain cardholders grew 64 times in Colombia, while spending with Rain cards increased more than 6x in Bolivia.