Top Stablecoin APIs Reshaping LATAM Cross-Border Payments

Seventy-one percent of Latin American financial institutions used stablecoins for cross-border payments in 2025 and business-to-business stablecoin volumes increased 733% year over year, according to industry data. In 2026, seven providers stand out for LATAM corridors: Mandioca, Bitso, Circle, Bridge, BVNK, Conduit and dLocal.

Mandioca markets itself as a B2B corridor specialist linking LATAM with the United States, Europe and Asia. The company reports more than $1 billion settled for over 100 enterprise clients. Its single API covers cross-border payments, multi-currency wallets and billing automation. Mandioca holds a FinCEN Money Services Business registration, a licensed Digital Asset Service Provider entity in El Salvador and has U.S. money transmitter filings in progress. The firm reports average U.S. settlement times of seven minutes and average Asia settlement of 25 minutes.

Bitso Business focuses on LATAM-native settlement and the U.S.-Mexico corridor. Bitso processed about $6.5 billion in U.S.-Mexico remittances in 2024, supports MXNB peso liquidity, and connects to Brazil’s PIX and Mexico’s SPEI. The company holds licenses in Mexico, Brazil and Colombia and operates a large retail network that feeds institutional corridors.

Circle provides USDC issuance and tooling for developers. Its Cross-Chain Transfer Protocol V2 is live on more than 17 blockchains with cumulative volumes above $110 billion. Circle functions as an issuer and cross-chain infrastructure provider; firms typically pair Circle with a regional partner to convert on-chain balances into local bank accounts. Legacy CCTP V1 integrations require migration before a manual phase-out scheduled for July 31, 2026.

Bridge, now part of Stripe, offers orchestration APIs and an Open Issuance option for branded tokens. The product integrates receive, hold, convert and payout functions with Stripe’s treasury and payouts stack. Bridge documents payouts in several LATAM markets but has limited collection rails in some countries, leading teams to combine it with local specialists when both collection and payout are required.

BVNK targets high-throughput PSP settlement across EU, UK and U.S. corridors and processed roughly $30 billion annualized as of mid-2025. BVNK holds regional licenses and reports that stablecoin transfers cost about 40% less than traditional remittances on average. Its LATAM coverage is secondary, so partners often layer BVNK with a LATAM-focused provider for deeper PIX and SPEI access.

Conduit provides a single API for USD stablecoin payouts into LATAM, APAC and Africa and reports more than $10 billion in annualized volume. Conduit publishes FX pricing around 10 basis points on USD/USDT conversions and supports payouts to Mexico, Colombia and Brazil. Chain support is narrower than some competitors.

dLocal launched Stablecoin Full in April 2026 to add native stablecoin collections, payouts and treasury management to its merchant network across more than 44 emerging markets. The product uses dLocal’s existing merchant integrations to route stablecoin flows into established payment lanes; overall production volume and long-term performance are still being established.

Regulatory and tax changes effective in 2026 have affected provider positioning. Brazil’s central bank reclassified stablecoin flows as foreign exchange operations under Resolutions 519–521, effective February 2026, requiring virtual asset service providers to seek central bank authorization and meet capital thresholds. A U.S. 1% remittance tax took effect in January 2026. New compliance frameworks in the U.S. and EU have increased demand for APIs with built-in KYC/KYB, sanctions screening and audit-ready reporting.

Enterprises and payment platforms evaluate stablecoin API providers based on corridor depth, licensing and compliance footprint, bank integration, settlement speed, single-API multi-rail capability and transparent FX and fee disclosure. Choice of provider generally aligns with the sender and receiver corridors and the need for bank-grade reporting or pure on-chain settlement.