Stablecoins are increasingly being adopted in Latin America as a solution to the region's banking challenges, where 60% to 70% of the population remains unbanked and reliant on cash. The volatility of local currencies has prompted both individuals and businesses to turn to stablecoins to preserve value and avoid financial losses. As more people receive payments in stablecoins, awareness and usage of these digital assets are growing, offering a stable alternative to fluctuating local currencies.
Stablecoins Gain Traction in Latin America Amid Banking Gaps
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.