LATAM Crypto Volume Reaches $27B in 2025 as Stablecoins Dominate

Crypto trading in Latin America has reached a new milestone. Exchange volumes rose ninefold between 2021 and 2024. It hits $27 billion in 2025, according to a new Dune Analytics report. The surge is powered by Ethereum, Tron, Solana, and Polygon, each serving different needs. Ethereum dominates high-value transfers, and Tron enables low-cost USDT payments. In contrast, Solana and Polygon attract retail users.

The rapid rise highlights crypto’s role as more than just speculation. In a region long shaped by inflation and uneven banking access, digital assets are increasingly a financial lifeline. People across Brazil, Mexico, Argentina, and Venezuela are saving, sending, and spending in crypto to meet daily needs.

Stablecoins Take Center Stage

Stablecoins are now the backbone of Latin America’s crypto economy. In July 2025, Tether and USD Coin accounted for over 90 percent of exchange activity. For many, these dollar-pegged tokens offer stability in economies where national currencies often falter.

Local stablecoins are also seeing strong momentum. Brazil’s real-pegged tokens grew 660 percent year-on-year, while Mexico’s peso-linked tokens surged an eye-popping 1,100 times. Analysts say this rise shows demand for stable, familiar options tied to domestic economies. These tokens are increasingly being used for remittances, salaries, and even local payments.

Expanding Infrastructure: On-Ramps and Apps

Infrastructure is catching up with demand. New on- and off-ramp protocols like PayDece and ZKP2P processed nearly $60 million in transactions. That makes it easier for users to bridge between crypto and local money. Providers such as Capa are also building tools for permissionless, multi-chain access.

Meanwhile, payment apps are maturing into crypto-native neobanks. Platforms like Picnic, Exa, and BlindPay now offer stablecoin balances, savings tools, and options to spend in the real world, all within a single interface. This is particularly attractive to younger, mobile-first populations, many of whom remain outside traditional banking systems.

A Template for Global Adoption

Industry leaders say Latin America’s experience is a preview of crypto’s global future. “Crypto is becoming background infrastructure—the quiet engine powering real solutions,” said Simón Puebla of Crecimiento. The report emphasizes that demand is rooted in practical use cases, not speculation. Aaron Stanley of Brazil Crypto Report called the findings a landmark moment: “Latin America is ground zero for crypto usage in 2025.”

With major gatherings like DuneCon and Devconnect set for Buenos Aires later this year. The region is expected to remain a focal point for global builders. If the trends continue, stablecoins could reshape how millions across Latin America interact with money. It is turning crypto into a quiet but critical financial backbone.