Latin American users are increasingly turning to stablecoins for their financial needs, with dollar-pegged tokens now making up a larger share of crypto purchases than Bitcoin.
According to Bitso's 2025 report, nearly 10 million retail users across the region have shifted towards using U.S. dollar-linked stablecoins such as Tether's USDt and Circle's USDC. This trend is driven by the desire for stability in inflation-prone economies where local currencies are weakening.
The stablecoin market has grown significantly, reaching around $320 billion in global supply, with most of this growth coming from emerging and developed markets. Regional use cases continue to centre on payments and cross-border transfers, where access to dollar liquidity remains restricted through traditional channels.