Led by Latin American institutions cryptography worldwide implementation
meanwhile stable coin Due to its dollar-replacement properties, it is now widely adopted around the world, with growing adoption in some regions depending on specific needs.
The Digital Chamber of Commerce, an organization founded in 2014 to advocate for innovation in digital assets, emphasized that Latin America is becoming a global country despite its currently developing regulatory framework. stable coin Deployment hub.
In this sense, the Chamber of Commerce and Industry emphasized that regulatory progress has strengthened regulations in Brazil, Bolivia and Argentina. stable coin Adoption reaches record levels and available for institutional use. These include Brazil’s Virtual Assets Law, Bolivia’s long-standing repeal of its Virtual Assets Law, and more. cryptocurrency Prohibition, and Argentine Exchange Registration Regulations.
“As the adoption and regulation of stable coin boosted Latin America cryptocurrency Bringing the market to more commercial use cases, 71% of educational institutions in Latin America have already started using it. stable coin We have the highest regional adoption rate in the world for cross-border payments.” It was emphasized.
This results in stable coin Trade volume in Latin America will reach $324 billion in 2025, an 89% year-on-year increase. In Brazil and Argentina, 90% and 60% of the total cryptocurrency flows are linked stable coinThis is proof that these solutions are relevant to these markets.
As the chamber has made clear, institutions are directly related to these numbers. stable coin Over the past two years, trading volumes have increased 30 times. One of these use cases is related to cross-border payments, where Mizuho has found that its stablecoin solution reduces fees to less than 1%. This is a significant discount compared to the 5-7% charged by traditional intermediaries.
The chamber highlighted that if $142 billion in remittances from the United States to Latin America goes through the stablecoin rail in 2025, the savings from using stablecoin solutions could reach up to $8.9 billion.
“As regulations become clearer and adoption continues to increase, stable coin It is likely to play an increasingly important role in payments, savings and cross-border remittances across Latin America. ” concluded.
