The crypts gain prominence in Latin America: Exchange flow grows 800% since 2021

By Hannah Pérez

The adoption of cryptocurrencies grows by leaps and bounds in countries such as Argentina, Brazil, Venezuela and Mexico, promoted by inflation and lack of access to banking and savings solutions. A Dune report reveals the growth in the use of stablcoins and cryptocurrencies in the region for payments, remittances and more.

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• The adoption of cryptocurrencies grows by leaps and bounds in countries such as Argentina, Brazil, Venezuela and Mexico.
• In Latin America, the use of cryptocurrencies responds an inflationary reality and practical needs.
• Users opt for stablocoins as a savings mechanism, payments, remittances, salaries and more.
• The flows in centralized exchanges grew 800% from 2021, with Binance dominating the market.

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In Latin America, cryptocurrencies are gaining prominence at an accelerated pace in a context of high inflation, economic crises, volatility of local currencies and limited access to traditional banking services.

Instead of being used as speculative assets, in the region, this kind of assets is consolidated as an alternative financial solution for everyday needs, such as savings, sending of remittances, payments of wages and commercial transactions, with users from countries such as Brazil, Mexico, Argentina and Venezuela opting primarily by the stablecoins.

A recent report published by Dune It provides a detailed analysis of the current state of the adoption of cryptocurrencies in Latin America, highlighting its growth and transformation into a practical financial tool for millions of people in the region.

Stablecoins as USDT dominates in Latin America

Among the findings, the report highlights the preference of Latin Americans by Stablecoins called in dollars.

Tokens Like USDT Tether and USDC Circle They dominate the local market, representing more than 90% of the volume of transfers in exchanges in July 2025, compared to approximate 60% in 2022. In Argentina, for example, Stablecoins 72% of cryptocurrency purchases in 2024, exceeding widely to Bitcoin (8%).

The Stablecoins They are the backbone of the chain economy in Latin America, used for cross -border payments, savings and protection against inflation, according to the report. 71% of respondents in a report of Fireblocks of 2025 said Stablecoins for cross -border payments, and 100% have strategies related to Stablecoins.

Beyond the tokens with parity to the American currency, the Stablecoins Linked to local currencies, such as BRL (Brazil) and MXN (Mexico), they are earning traction for domestic payments and chain trade, the researchers of Dune.

In Brazil, the volumes of Stablecoins Linked to BRL they grew from USD $ 20.9 million in 2021 to around USD $ 900 million in July 2025, with five active stablcoins. In Mexico, the MXNB and MXNE tokens, linked to Mexican peso, reached USD $ 34 million in July 2025 from less than USD $ 55,000 a year ago.

Based on practical applications, the Latin American population uses cryptocurrencies for salary, remittance, cross -border trade and value protection payments. In Brazil, companies use crypto to avoid high bank rates in payments to suppliers in Asia, while in Argentina, the users turn their salaries into Stablecoins to preserve purchasing power.

Latinos prefer centralized exchanges

The Exchange Centralized (CEX) are the main entrance door to cryptocurrencies for users of the region, with these platforms managing 68.7% of the volume of digital assets in Latin America by 2024, comparable to North America.

Binance leads with 54% of the market sharefollowed by local actors such as Lemon cash and Bitso.

The flows through CEX in Latin America grew 800% or the equivalent to nine times from 2021 to 2024, from USD $ 3 billion to USD $ 27 billion in annual volume. Until July 2025, the volumes reached USD $ 11.2 billion for Bitso and USD $ 890 million for Lemon cashmaintaining sustained growth despite an initial slowdown in January.

Cryptocurrency application discharges in Latin America doubled in the second quarter of 2024 as volumes inside and outside the ramps grew significantly, according to the report.

Platforms like ZKP2P, paydece and Layer, that facilitate conversion between Fiat and cryptocurrencies, processed significant volumes. For example, Layer registered almost USD $ 30 million and Paydece A few USD $ 27.8 million until last month. Other options such as Picnic, Exa and Blindpay They act as crypto-national neoboncos, integrating Stablecoinssavings with daily returns and payments. These applications are especially popular among young and not banking populations.

Practical use of crypto to meet real needs

The results of Dune They aligned with the report of Chainalisys of 2024, which identified Brazil, Mexico, Venezuela and Argentina among the 20 mains worldwide for adoption of cryptocurrencies.

In conclusion, the report reveals that the adoption of cryptocurrencies in Latin America in 2025 is marked by the transition from the speculative asset status towards its use as a practical financial infrastructure, led by Stablecoins and supported by centralized exchanges and payment applications.

Growth in the last year has been remarkable, with significant increases in transactions, active users and adoption of local stablecoins. Although challenges such as unequal data and regulations persist, the region is developing a parallel financial system that is more accessible, efficient and resilient, with a clear approach in practical use cases that respond to the real and current needs of the population.

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Article written with the help of AI, edited by Diariobitcoin

Image generated with AI tool, under free use license

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