LATAM Stablecoin Flows Hit $324B in 2025, Report Finds

Stablecoin Insider published The LATAM Stablecoin Economy 2026, reporting that $324 billion moved through stablecoins in Latin America in 2025, an 89% year-over-year increase. The report identifies B2B supplier payments as the primary driver of that growth.

The research was produced with partners Mandioca, Movantis, Pomelo, Rise and VelaFi and draws on Chainalysis data plus partner-contributed transaction, corridor and client data. It finds nearly $1.5 trillion in cumulative regional crypto volume between July 2022 and June 2025, with stablecoins accounting for a growing share. In Brazil, the report says more than 90% of crypto flows are now stablecoin-related.

The report cites external analysis showing global B2B stablecoin payments rose 733% year over year in 2025 to roughly $226 billion, representing about 60% of genuine stablecoin payments worldwide. The authors map the market as a five-layer stack: issuance, settlement rails, on/off-ramps and liquidity, distribution and payroll. The report profiles one operator for each layer using partner data.

Researchers benchmark three corridor families: LATAM–US, LATAM–Asia and intra-LATAM. The report includes a practical adoption framework aimed at corporate finance teams and treasurers and identifies dollar access and payment speed as the main factors behind business adoption rather than lower fees.

The report notes that on-chain settlement has increased but that the final conversion into local currency typically uses regulated domestic rails and traditional payment methods. It finds cards and payroll services are the main channels converting on-chain dollars into everyday spending and income for recipients.

Operators at different layers have adopted rails-agnostic routing to move funds across networks and jurisdictions, the report says. It also tracks regulatory developments market by market and states that Brazil has written stablecoins into foreign exchange law.

Industry contributors included partner firms. Leandro Meneses, founder and CEO of Mandioca, noted that most businesses using the platform do not consider blockchain and simply expect money to move as fast as information. Gustavo Ruiz, chairman and CEO of Movantis, observed that stablecoins have solved value movement but that compliant conversion into local currency remains difficult in some markets. Gastón Irigoyen, co-founder of Pomelo, said the opportunity lies in combining multiple payment rails. Hugo Finkelstein, CEO of Rise, commented that stablecoin payroll is being adopted by agencies, startups and global businesses. Maggie Wu, CEO and co-founder of VelaFi, warned that corridor competition will depend on local compliance knowledge as well as technology.

Stablecoin Insider presents the report as a resource for businesses and financial teams evaluating stablecoin-based settlement options and following regulatory developments in the region.