A BeInCrypto report says users in Latin America are using crypto rails to move money out of the region, with average withdrawals in Argentina reaching $544 and the median falling between $150 and $270. The study tracked six outbound fund routes and reviewed 12 products marketed as dollar accounts. Only two of those products held customer balances in insured U.S. bank deposits, while five relied directly on stablecoins. The report also found that more than 99% of withdrawn funds kept moving within 30 days, largely for wages, invoices, and day-to-day expenses, suggesting stablecoins were used more as payment rails than as stores of value. In Brazil, local savings returns rose to 150 over a decade, compared with 99 for dollar assets, yet offshore wealth declared by Brazilians was estimated at $654 billion in 2024. According to the report, that points to motives beyond yield alone. Intelliwealth CEO Farhad Farhadi described the behavior as an “insurance premium rather than a fear premium,” while Raiku CEO Robin Nordnes said habits formed during crises are unlikely to reverse quickly and that mobile access has sharply reduced friction in moving money.
BeInCrypto said in a report that users in Latin America are moving funds through crypto channels, with average withdrawals in Argentina at $544 and the median ranging from $150 to $270.
The report tracked six routes used to move money out of the region and audited 12 products marketed as dollar accounts. Of those, only two kept customer balances in insured U.S. bank deposits, while five relied directly on stablecoins.
It also found that more than 99% of withdrawn funds continued to move within 30 days, going toward wages, invoices, and daily expenses. In that setting, the report said, stablecoins functioned more as payment rails than as a store of value.
The report added that local savings returns in Brazil rose to 150 over a 10-year period, while dollar assets reached 99. Even so, offshore wealth declared by Brazilians was estimated at $654 billion in 2024, a sign that capital outflows were driven by more than yield alone.
Intelliwealth CEO Farhad Farhadi described the pattern as an 「insurance premium rather than a fear premium,」 saying users were paying for convertibility and optionality across jurisdictions. Raiku CEO Robin Nordnes said economic stability would not quickly undo habits formed in a crisis, and that mobile access had sharply reduced friction in moving money.
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