Latin America is witnessing a surge in stablecoin usage as citizens turn to alternatives for traditional banking. The co-CEO of Bybit LATAM, Patricio Mesri, highlights how stablecoins are changing lives in countries like Argentina, Venezuela, and Bolivia.
The annual inflation rate in Argentina has driven demand for US dollar-backed stablecoins, with transactions comprising 39% of local exchange activity in 2024. Additionally, tokenization of real-world assets could facilitate capital access by lowering costs and speeding up processes.
Leave a Reply