Bitso Business releases Stablecoins Landscape in Latin America report
28 August 2025 Latin America
Image: RaxQiu/stock.adobe.com
Bitso Business, a B2B subdivision of Bitso that provides infrastructure for cross-border payments, has revealed a rapid increase in the adoption and use of stablecoins by firms across Latin America.
The trend was noted in a new report titled ‘Stablecoins Landscape in Latin America’, which drew on a behavioural study of more than 1,300 Bitso Business clients.
The report emphasised the rapid growth in the adoption of stablecoins in institutional payments, with the digital asset more than doubling its share of total volume traded by Bitso Business between the second half of 2024 and the first half of 2025.
The findings illustrated that companies are increasingly incorporating stablecoins into treasury, FX, and payments operations.
The report also noted that adoption is expanding beyond traders and money transmitters to include traditional payments, and money movement services.
Payment service providers saw a 68 per cent growth while the gaming sector experienced a 5.3x increase according to the data.
Although remittances continued to be a core driver, new use cases led the way with FX, treasury, and arbitration making up 45 per cent of Bitso Business’ stablecoin volumes during the first half of 2025.
The report also highlighted steady growth across Latin America, with Mexico having the greatest share of stablecoin transaction volumes, increasing from 45 per cent to 47 per cent between H1 2024 and H1 2025.
Brazil and Colombia both rose by two percentage points year-on-year for the same period. While other countries in the region continue to be in the initial phases of adoption, they are seeing consistent growth.
Daniel Vogel, CEO and co-founder of Bitso, says: “In Latin America we are not just observing this transformation, but we are leading it. Many companies have already trusted Bitso Business infrastructure for cross-border payments and stablecoin-based solutions that enable global businesses to pay and get paid instantly in local currencies, with efficiency, transparency, and regulatory coverage.
“And this is why we’ve taken the time to listen to our clients, to understand what they are using and for what purposes.”
The trend was noted in a new report titled ‘Stablecoins Landscape in Latin America’, which drew on a behavioural study of more than 1,300 Bitso Business clients.
The report emphasised the rapid growth in the adoption of stablecoins in institutional payments, with the digital asset more than doubling its share of total volume traded by Bitso Business between the second half of 2024 and the first half of 2025.
The findings illustrated that companies are increasingly incorporating stablecoins into treasury, FX, and payments operations.
The report also noted that adoption is expanding beyond traders and money transmitters to include traditional payments, and money movement services.
Payment service providers saw a 68 per cent growth while the gaming sector experienced a 5.3x increase according to the data.
Although remittances continued to be a core driver, new use cases led the way with FX, treasury, and arbitration making up 45 per cent of Bitso Business’ stablecoin volumes during the first half of 2025.
The report also highlighted steady growth across Latin America, with Mexico having the greatest share of stablecoin transaction volumes, increasing from 45 per cent to 47 per cent between H1 2024 and H1 2025.
Brazil and Colombia both rose by two percentage points year-on-year for the same period. While other countries in the region continue to be in the initial phases of adoption, they are seeing consistent growth.
Daniel Vogel, CEO and co-founder of Bitso, says: “In Latin America we are not just observing this transformation, but we are leading it. Many companies have already trusted Bitso Business infrastructure for cross-border payments and stablecoin-based solutions that enable global businesses to pay and get paid instantly in local currencies, with efficiency, transparency, and regulatory coverage.
“And this is why we’ve taken the time to listen to our clients, to understand what they are using and for what purposes.”
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