Stablecoins Overtake Bitcoin as Top Crypto Purchase in Latin America

Stablecoins have overtaken Bitcoin as the most purchased crypto asset in Latin America.

Cointelegraph reported on May 30 that Latin American crypto exchange Bitso said in a report that 40% of all crypto purchases in 2025 went to dollar-pegged stablecoins, including Tether's USDt (USDT) and Circle's USDC. Bitcoin accounted for 18% during the same period.

It was the first time stablecoins surpassed Bitcoin in purchase share. The figures were compiled from Bitso's user base of about 10 million.

The shift reflects economic conditions in Latin America, where inflation and currency depreciation have persisted. Bitso described the trend as "digital dollarization," with stablecoins used both as a store of value and as a means of payment.

The global stablecoin market has grown to about $320 billion, and usage in Latin America is rising for remittances, payments and savings.

Bitcoin still serves as a long-term store of value. The report said Bitcoin was included in 52% of crypto portfolios in Latin America in 2025, nearly unchanged from 53% a year earlier.