The use of stablecoins in everyday payments in Latin America continues to increase. Digital currencies are a response to factors such as inflation, monetary weakness, financial volatility and difficult access to dollars.

In various LA countries “the so-called digital dollars are beginning to be used to pay, save and send money, beyond crypto trading.”

Venezuela, Brazil, Mexico, Colombia and Argentina set the trend in the region in terms of the adoption of payment systems based on “digital wallets, QR codes, cards”, as well as increasingly efficient and secure applications and platforms.

The currencies of these countries are converted to stablecoins such as USDT or USDC or cryptocurrencies such as bitcoin.

Traditional banking users now see digital assets as an everyday means of payment, not as a means of investment. The growth in the use of stablecoins in Latin America is linked to “specific needs: protecting purchasing power, moving money between countries, accessing a more stable unit of account and making payments without always depending on the traditional banking system.” Added to this is sending money to relatives in other countries in the format of remittances.

M.Pino

Source: cripto247

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Experts cited by the Inter-American Dialogue Migration and Remittances Program Data Program predict a boom in digital wallets in Venezuela thanks to the increase in remittances from the United States.

The reduction in the exchange rate disparity between the US dollar and the bolivar, Venezuela’s official currency, has led to remittances from the US increasing from 5 % to 20 %, according to Manuel Orozco, director of the Inter-American Dialogue Migration and Remittances Program.

Regarding this, Juan Mendoza, CEO of the Panama-based company Zinli, points out that “digital wallets are going to be the big winners here in Venezuela.”

Data indicates that Venezuela received approximately $6 billion in remittances in 2025. According to Mendoza, the “gap between the official exchange rate and the parallel rate (between the dollar and the bolivar) has narrowed from almost 120% to 30% currently.”

Considering that amidst the internal changes in the South American country, cash in dollars may become scarce, electronic means will be the leading option for sending remittances from the U.S.

M.Pino

Source: elorientaldemonagas

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