TechFlow reported on June 14 that stablecoin payment infrastructure company Rain has released a new report on cryptocurrency activity in Latin America. According to the report, total cryptocurrency transaction volume in the region from 2022 to 2025 approached $1.5 trillion, with the vast majority of funds flowing into U.S. dollar stablecoins.
Digital asset ownership reaches about 12% of the population
The report states that, as of early 2025, around 57.7 million people in Latin America held digital assets. That figure represented roughly 12% of the region’s total population, showing that cryptocurrency already had a relatively high level of user penetration across the area.
Rain said the rapid growth of stablecoins was not primarily driven by market speculation, but by practical financial needs. The report cited several factors behind the trend, including ongoing local currency depreciation, limited access to U.S. dollars, high costs for cross-border remittances, and insufficient coverage from traditional banking services.
Under these conditions, U.S. dollar stablecoins have gradually become an important tool for residents seeking to store value and make payments. The report frames stablecoins as part of the region’s day-to-day financial activity rather than only as a trading instrument within cryptocurrency markets.
Brazil and Colombia show heavy stablecoin concentration
Among individual markets, Brazil stood out for the scale of its stablecoin transactions. Rain’s report said stablecoin-related transactions accounted for about 90% of the country’s total cryptocurrency transaction volume, indicating that stablecoins represent the dominant direction of crypto flows in Brazil.
Colombia showed an even stronger concentration in certain exchange activity. According to the report, among funds used to purchase crypto assets with local currency through centralized exchanges in Colombia, about 99% ultimately flowed into stablecoin products.
As global stablecoin payment applications continue to expand, Latin America has become one of the most active regions for the use of digital dollars. Rain’s report also notes that the region’s development model is being followed by both the cryptocurrency industry and traditional financial institutions.