Tether’s USDT Dominates Latam Stablecoin Market
- USDT holds nearly a complete market share of stablecoin transactions in Bolivia, Peru, and Ecuador.
- In Colombia, USDT commands approximately 98% of the stablecoin market volume.
- Brazil has seen a significant growth of stablecoin activity by over 200% since Oobit’s platform launch.
- Oobit connects self-custody wallets to Visa’s network, enabling seamless stablecoin spending at over 150 million merchants.
- Argentina is the only country where USDC has a notable presence, with USDT still leading at a market share of around 53%.
USDT’s dominance in the Latin American stablecoin markets is evident as it captures nearly all transaction volumes across multiple countries, including Bolivia and Peru. The integration with Visa further facilitates everyday crypto usage, reflecting a shift towards cash-like transactions using stablecoins in the region.
