🚀 Stablecoins dominate crypto trading in Latin America – BlackRock targets ETF for SOL & XRP

 ⭐ According to a report from the Bitso exchange, stablecoins (USDC, USDT) account for 39% of crypto purchases in Latin America in 2024, up 9% from 2023 due to high inflation and currency devaluation. USDC accounts for 24%, USDT for 15%, while the share of Bitcoin purchases has decreased from 38% to 22% due to the "hodl" trend. In Argentina, where inflation exceeds 100%, USDT accounts for 50% of transactions, while in Brazil & Mexico, Bitcoin remains the most purchased asset on Bitso.

 ⭐ Meanwhile, BlackRock is preparing to file an ETF for Solana (SOL) and XRP, expanding its crypto investment portfolio after the success of the Bitcoin Spot ETF. If approved, this will be a major step in attracting institutional capital into the crypto market.