The report “Crypto Panorama in Latin America 2025”, prepared by the Mexican exchange Bitso, indicates that Circle’s USDC stablecoin consolidated itself as the asset most acquired by users last year.
Along with Tether’s USDT, these stablecoins They represented 36% of all cryptoasset purchases in Mexicoclearly surpassing Bitcoin, which registered 19%, followed by XRP with 13% and Ether with 7%.
This dominance of stablecoins reflects a cryptocurrency market in Mexico which is characterized by being hybrid: it combines the search for long-term investment with financial applications of a practical and everyday nature.
The findings reflect a structural shift in the way cryptoassets are used in the region: less and less as speculative instruments and more and more as financial infrastructure for cross-border savings, payments and value transfers.
Bitso, Mexican exchange.
The preference for USDT and USDC is mainly explained, according to Bitso, by the great importance of remittances in the Mexican economy. Mexico receives one of the largest flows of remittances in the world, mostly coming from the United States, a phenomenon reported by CriptoNoticias.
According to the report, stablecoins allow recipients to obtain dollars quickly, with significantly lower fees and without the usual delays of the traditional banking system.
Unlike other countries in the region such as Argentina, where stablecoins reached 71% of purchases driven by high inflationIn Mexico, 36% responds mainly to reasons of efficiency and practicality.
Users value the speed, transparency and lower costs that blockchain technology offers to move value across borders. The Bitso report highlights that Mexicans maintain a balanced portfolio.
While Bitcoin remains the preferred asset for long-term store of value—accounting for around 52% of holdings on the regional average— stablecoins play a more operational and daily role. This digital dollarization shows a clear maturation of the cryptocurrency ecosystem in Mexico.
Already at the Latin American level, stablecoins represented on average 40% of all cryptoasset purchases. The Mexican case, although slightly below that average, shows a more diversified pattern oriented toward specific use cases.
The strong prominence of USDT and USDC in cryptocurrency purchases in Mexico signals that digital assets are ceasing to be a marginal phenomenon to become a relevant part of financial management of thousands of users. The future development of the sector will largely depend on continued innovation in useful solutions and the evolution of a regulatory framework that encourages their safe and responsible adoption.