Panorama for Stablecoins in Colombia: opportunities and challenges in the financial sector

In an event held by Chainysis In Bogotá, representatives of Bitso, Minteo and Orionx They discussed the role of the stablecoins in the financial system, highlighting regulatory opportunities and gaps.

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• Experts stated that stablecoins can transform remittances, payments B2B and financial efficiency in Colombia.
• The lack of regulation generates gaps that benefit criminal actors and limit business adoption.
• Colombia presents specific use cases in remittances and freelancers, but the legal framework remains uncertain.

Last Wednesday, August 13, the Chainysis Nodes Colombia 2025event organized by the analysis firm Blockchain In Bogotá to share novelties and information of interest with the private sector, especially in relation to research tools, due regulatory compliance and the role of stablecoins in the financial system.

One of the conversations just addressed different perspectives on the future of Stablecoins in Colombia and Latin America. Juanita Rodríguez participated in this space (Bitso), Felipe Carreño (MINTEO) and Luis Romero (Orionx), who shared their appreciations on the benefits, opportunities and challenges that face these assets both in the country and in the region.

The stablecoins and the financial system

During his speech, Juanita Rodríguez de Bitso He affirmed that Stablecoins have the ability to completely transform the financial system. They could even rethink traditional models such as the system Swift, known for its difficulties in international transfers.

Rodríguez stressed that, in Colombia, it is already possible to use Stablecoins for certain payments and services, which is positive since it is not possible to open accounts in dollars. However, he emphasized that regulatory challenges persist that prevent progress towards more cases of use.

In his opinion, regulation is growing and, although it generates caution, opens doors to new business opportunities.

Regulation and compliance

Felipe Carreño, from Minteo, focused on compliance challenges for Stablecoins emitters. According to him, The lack of regulation does not favor innovation, but to criminal companies that benefit from normative gaps.

Carreño explained that in many cases companies must seek foreign jurisdictions where there are clear regulatory frameworks, and based on them to bring operations to other nations. In addition, he stressed that for the issuance of a stablecoin it is essential that it is supported by a liquid asset, which would guarantee transparency and confidence in its circulation.

From its perspective, Colombia should begin by a registration of digital asset suppliers before issuing specific standards for Stablecoins. “Both worlds, financial and crypto, want to collaborate, but there is still no clarity about how to articulate that relationship”he said.

Cases of use and opportunities

Luis Romero, from Orionx, He exhibited concrete examples of how his company manages operations with Stablecoins. He pointed out that they work in a model B2B For foreign clients who need to make payments in Colombia. These clients deliver Stablecoins, such as USDT, and the platform makes them Colombian pesos.

Romero acknowledged that arbitration is relevant in the country, although he clarified that many operations continue to be liquidated in cash. In that scenario, Tether (USDT) It plays an important role as a stable currency that facilitates liquidity and speed.

Rodríguez added that, in the case of Bitso, Stablecoins already represent 48% of operations in Colombia. The main uses include the sending of remittances, which exceed USD $ 11,000 million to the country, as well as international payments of technology companies and freelancers services.

Regulatory fears and gaps in the sector

Despite the advances, the participants agreed that local companies still feel fear of digital assets. Romero explained that Many companies fear that the financial entities that support them decide to close services to those who work with cryptocurrencies.

In that sense, panelists stressed that clear regulations are needed so that entities can operate without obstacles. Although these measures could take to arrive, they consider that they will end up generating value to the sector and attracting investment.

Rodríguez stressed the importance of redundancy, highlighting the importance of having various channels to mitigate risks. He also recalled that the bill currently discusses Congress It seeks to solve some of the challenges faced by banks by offering services to crypto entities.

However, the Financial Superintendence He has reiterated that “Crypt is dangerous” In his new circular. For Rodríguez, this vision shows the fear with which these issues are still addressed in Colombia, which prevents seeing the potential for innovation and capital attraction that Stablecoins can bring.

Angel Di Matteo / article Diariobitcoin

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WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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