Brazil has emerged as the leading crypto economy in Latin America, recording $318.8 billion in crypto transactions from July 2024 to June 2025. This accounts for one-third of the region's total crypto activity. The country's market expanded by 109.9% during this period, with stablecoins comprising over 90% of the transaction flows. According to Chainalysis, the surge in Brazil's crypto market was primarily driven by institutional and large transfers. Meanwhile, smaller markets such as Peru, Chile, and Bolivia also played a role in the region's overall crypto growth, contributing to the evolving landscape of digital assets in Latin America.