MEXICO CITY / AGILITYPR.NEWS / July 14, 2025 / The Market Map presented by Utila in collaboration with Bitso Business, Minteo, BlindPay and Chuk Okpalugo presents more than 100 companies leading stablecoin adoption in Latin America

Stablecoins are not just a trend — they are a foundational layer for the next evolution of financial infrastructure in Latin America. The most recent edition of the Crypto Landscape in Latin America report presented by Bitso reveals that the stablecoins dominated purchases in 2024, accounting for 39% of all digital assets acquired in the region.

The rapid growth of stablecoin adoption in Latin America stems from a unique blend of economic challenges and a swiftly evolving digital landscape. The region has indeed proven to be fertile ground for the expansion of stablecoin payments due to several key factors: persistent high inflation and currency volatility; its status as a major corridor for remittances, with millions sending money across borders; a large population still unbanked or underserved by traditional financial institutions; and a young, digitally native populace that readily embraces new technologies, especially mobile-first solutions.

The potential is even brighter for businesses. Latin American companies are increasingly adopting stablecoins for more efficient cross-border transactions and treasury management. Meanwhile, global institutions keen on expanding into the region are finding stablecoins a trusted, regulated, and efficient way to enter the market.

But as the local ecosystem expands at an unprecedented pace, understanding who is building what, and where, has become increasingly difficult — and increasingly necessary. That’s why Bitso Business joined forces with Utila, Minteo, BlindPay, and Chuk Okpalugo to create the first comprehensive map of the stablecoin ecosystem in Latin America. This collaborative effort was designed to bring more visibility to the builders, enablers, and use cases that are shaping the future of payments, remittances, treasury management, trading, and financial access across the region. 

“LATAM represents the most compelling frontier for stablecoin adoption globally, and we’re proud to lead this market mapping initiative alongside our partners. The ecosystem is growing fast but remains fragmented, making it hard to get a clear picture of who’s actually building what. This map is our way of contributing clarity and visibility. At Utila, we’ve made Latin America a strategic priority because the region isn’t just adopting stablecoins, it’s helping define how the world will use them. And we’re all in on powering that shift,” says Bentzi Rabi, Co-Founder & CEO, Utila.

“The result is not just a visual — it’s a tool. A tool for startups to find partners. For investors to identify opportunities. For regulators to better understand the market. And for the ecosystem to grow in a more transparent, informed, and interconnected way”, says Ben Reid, Head of Stablecoins for Bitso Business. 

"This map is a vital testament to the dynamic, holistic transformation stablecoins are igniting across Latin America. We're seeing an explosion of new use cases daily, from basic payments to complex financial services. Unlocking these opportunities for the region requires deep, continuous ecosystem collaboration”, says William Durán, Co-Founder at Minteo.

"This landscape is essential for everyone to see the potential of stablecoins in the market. BlindPay has enabled global payments with stablecoins in several countries and has already demonstrated the transformative potential of these assets to solve real problems in Latin America—from inflation to international friction, says Bernardo Simonassi, CEO and founder of BlindPay.

“From infrastructure providers and fintechs to exchanges and wallets, the LATAM market map helps to shine light on the key players that are making stablecoin adoption real on the ground. It's a useful tool for the market to understand who is shaping the stablecoin ecosystem in Latin America, says Chuk Okpalugo”.