Latin America Stablecoin Economy Booms to $1.5 Trillion

Rain, a company that provides infrastructure for issuing stablecoin-backed crypto cards, has released a report highlighting significant growth in the use of stablecoins in Latin America. The region processed nearly $1.5 trillion between 2022 and 2025, with most flows intermediated by stablecoins.

This adoption is driven by the need to solve concrete problems stemming from economic limitations in some countries, including currency instability and devaluation. For example, users can cut transfer fees by up to 92% by using stablecoins instead of traditional cross-border settlement services.

Rain singled out Colombia and Bolivia as vibrant markets, with the number of Rain cardholders growing 64 times since the start of 2025 in Colombia, and spending with Rain cards increasing more than sixfold in Bolivia in 2025. The company attributes this growth to stablecoins serving as alternative finance vehicles via neobanks.