BLOOMBERG · 2026-11-13 07:30 UTC

Latin America May Have Found Crypto's Killer App. It's the Dollar

Latin America recorded nearly $594 billion in cryptocurrency activity in the 12 months through June 2026, up 9.8% year over year while global activity slowed, according to Chainalysis. In 2025, stablecoins made up 40% of crypto purchases among Bitso's nearly 10 million retail users in Argentina, Brazil, Colombia and Mexico, versus 18% for Bitcoin, the first year stablecoins overtook Bitcoin on the platform. Argentines bought stablecoins for 71% of their 2025 crypto purchases, and in Bolivia digital payments rose more than fivefold to nearly $300 million in the first half of 2025 after a ban…

Loading the story on Tree News…