Bitso Report: Stablecoins account for 40% of cryptocurrency purchases in Latin America, with USDC surpassing BTC in purchase share

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Deep Tide TechFlow News, May 2nd, according to Bitcoin.com News, one of Latin America’s largest cryptocurrency service providers, Bitso, released the “2025 Latin America Crypto Landscape Report,” which shows that nearly 40% of cryptocurrency purchases in the region in 2025 involve dollar-pegged assets such as USDT and USDC. The report analyzes data from nearly 10 million customers in major markets including Argentina, Brazil, Colombia, and Mexico.

Specifically, USDC accounts for 23% of purchases, surpassing Bitcoin (18%) and USDT (16%). The situation varies significantly across countries, with Argentina having the highest dollarization level, where USDC and USDT together account for over 70% of crypto purchases. The Brazilian market is the most balanced, with stablecoins making up 34% of purchases and Bitcoin 22%. Colombia and Mexico fall somewhere in between.

Bitso stated that this data reflects “a structural shift in the region’s crypto usage: from a speculative tool to a financial infrastructure used for savings, payments, and cross-border value transfer.” Nevertheless, Bitcoin remains the core asset held by Latin American holders, accounting for 52% of the region’s investment portfolios, down only 1 percentage point year-over-year.

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