Stablecoins have overtaken Bitcoin as the most purchased cryptocurrency in Latin America, accounting for 40% of crypto transactions compared to Bitcoin's 18%, according to Bitso's 2025 report. This shift is driven by economic challenges such as inflation, currency depreciation, and limited banking access, prompting users to adopt dollar-backed digital assets like USDT and USDC for payments, savings, and remittances. The trend, described as "digital dollarization," reflects a preference for stablecoins due to their ability to maintain value against the US dollar, offering a practical alternative to volatile local currencies. Despite Bitcoin's reduced transaction share, it remains a key component of crypto portfolios in the region, valued for its scarcity and decentralized nature. Meanwhile, stablecoins continue to expand their role in everyday financial activities, supported by innovations like Mercado Libre's stablecoin-based remittance solutions.