According to a June 14 report cited by TechFlow, stablecoin payment infrastructure company Rain said cryptocurrency transactions across Latin America approached $1.5 trillion between 2022 and 2025. The report stated that the overwhelming majority of those funds flowed into U.S. dollar stablecoins, placing dollar-denominated digital assets at the center of the region’s crypto transaction activity.
Rain Report Tracks Digital Asset Ownership in Latin America
Rain’s report said that, as of early 2025, about 57.7 million people in Latin America held digital assets. That figure represented roughly 12% of the region’s total population. The data indicates a relatively high level of user penetration for cryptocurrency in the region, with stablecoins occupying a major role in the broader digital asset landscape.
The report emphasized that the growth of stablecoins in Latin America was not driven primarily by market speculation. Rain identified practical financial needs as the core driver, including continued depreciation of local currencies, limited access to U.S. dollars, high costs for cross-border remittances and insufficient coverage from traditional banking services. Against that backdrop, U.S. dollar stablecoins have increasingly been used as tools for storing value and making payments.
Brazil and Colombia Show Heavy Stablecoin Concentration
Brazil stood out in the report for the scale of its stablecoin activity. Rain said stablecoin-related transactions accounted for about 90% of the country’s total cryptocurrency transaction volume. This places stablecoins as a dominant part of Brazil’s crypto transaction structure, rather than a marginal category within the market.
Colombia showed an even more concentrated flow into stablecoin products through centralized exchanges. According to the report, among funds used to buy crypto assets with the local currency through centralized exchanges in Colombia, about 99% ultimately went into stablecoin products. As global use of stablecoin payments continues to expand, Latin America has become one of the most active regions for digital dollar usage, and its development model is being observed by both the crypto industry and traditional financial institutions.