México

#México Among the adoptions of Stablecoins, it has been identified that 63% of Crypto Fintechs already use them for remittances between individuals, while 50% use them for cross-border trade, thus showing an incipient incursion into international B2B payment methods,” the document highlighted.

Pamela Soto, Co-Founder of the crypto payment platform Orbi, stated that “the crypto ecosystem in Mexico has evolved from a community of enthusiasts to an industry where stablecoins play a key role in payments, trade, and business finance. Their adoption is growing not only in Fintechs but also in traditional companies seeking more efficient solutions.”

And although stablecoins have become an emerging alternative for cross-border transactions, respondents in the Finnovista report highlight key challenges such as the need for greater integration into the formal economy and a more equitable and simplified tax regulation to reach the potential projected by the industry.