Bitso Report: Stablecoins Account for 40% of Crypto Purchases in Latin America, USDC Purchases Surpass BTC

Deep Tide TechFlow News, May 2nd, according to a report by (Bitcoin.com) News, one of the largest cryptocurrency service providers in Latin America, Bitso, released the "2025 Latin America Crypto Landscape Report." Data shows that by 2025, nearly 40% of cryptocurrency purchases in the region will involve dollar-pegged assets such as USDT and USDC. The report analyzed data from nearly 10 million customers across major markets including Argentina, Brazil, Colombia, and Mexico. Specifically, USDC accounts for 23% of purchases, surpassing Bitcoin (18%) and USDT (16%). The situation varies significantly by country: Argentina has the highest degree of dollarization, with USDC and USDT combined accounting for over 70% of total crypto purchases. The Brazilian market is the most balanced, with stablecoins accounting for 34% of purchases and Bitcoin accounting for 22%. Colombia and Mexico fall somewhere in between. Bitso stated that this data reflects "a structural shift in how cryptocurrencies are used in the region: from speculative tools to financial infrastructure for savings, payments, and cross-border value transfers." Nevertheless, Bitcoin remains the core asset for holders in Latin America, accounting for 52% of the region's investment portfolios, with only a 1 percentage point decline year-on-year.