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#CryptoRally 🟡Stablecoins dominate the ecosystem, accounting for nearly 90% of the volume to protect savings.
Exchanges are evolving from trading sites to gateways to the digital economy. Many Latin Americans are massively adopting cryptocurrencies to safeguard their savings, make payments, and send remittances, transforming these digital assets from a speculative vehicle to an essential financial tool for everyday life. In a region hit by inflation and banking exclusion, digital assets emerge as a pragmatic solution that is already channeling billions of dollars.
A new report from D about the state of the economy revolving around bitcoin and cryptocurrencies at the regional level reveals that transaction volume on the main exchanges in the region skyrocketed 9 times, rising from 3 billion dollars in 2021 to 27 billion in 2024. This growth, led by countries like Brazil, Mexico, Argentina, and Venezuela, demonstrates a paradigm shift in which people turn to cryptocurrencies out of necessity, not speculation.
The engine of this financial evolution is the digital dollar. That assertion made by analysts from X in the report is evidenced by the fact that stablecoins (cryptocurrencies pegged to the value of the US dollar) are consolidating as the pillar of the ecosystem, dominating the market with the idea that they offer protection against the purchasing power of the population.
In Argentina, for example, whose inhabitants have been fighting chronic inflation, stablecoins accounted for more than 70% of all cryptocurrency purchases in 2024. And at the regional level, USDT (Tether) and USDC (Circle) already represent nearly 90% of all the volume transferred in exchanges, the document details.
Exchanges are evolving from trading sites to gateways to the digital economy. Many Latin Americans are massively adopting cryptocurrencies to safeguard their savings, make payments, and send remittances, transforming these digital assets from a speculative vehicle to an essential financial tool for everyday life. In a region hit by inflation and banking exclusion, digital assets emerge as a pragmatic solution that is already channeling billions of dollars.
A new report from D about the state of the economy revolving around bitcoin and cryptocurrencies at the regional level reveals that transaction volume on the main exchanges in the region skyrocketed 9 times, rising from 3 billion dollars in 2021 to 27 billion in 2024. This growth, led by countries like Brazil, Mexico, Argentina, and Venezuela, demonstrates a paradigm shift in which people turn to cryptocurrencies out of necessity, not speculation.
The engine of this financial evolution is the digital dollar. That assertion made by analysts from X in the report is evidenced by the fact that stablecoins (cryptocurrencies pegged to the value of the US dollar) are consolidating as the pillar of the ecosystem, dominating the market with the idea that they offer protection against the purchasing power of the population.
In Argentina, for example, whose inhabitants have been fighting chronic inflation, stablecoins accounted for more than 70% of all cryptocurrency purchases in 2024. And at the regional level, USDT (Tether) and USDC (Circle) already represent nearly 90% of all the volume transferred in exchanges, the document details.
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