The study emphasizes that stablecoins are a catalyst for growth and inclusion in the region.
From OpenTrade they believe that the default accounts in dollars “will work with stablecoins.”
The use of stablecoins in Latin America has transcended its initial purpose of protection against devaluation to become a fundamental piece of the regional financial system.
According to a recent report by investment firm OpenTrade, Millions of Latin Americans already use these technologies in their daily livesoften without being fully aware of the technical infrastructure that underpins their transactions.
The study highlights that fintech platforms and neobanks are using these rails to offer services at scale, “abstracting the underlying network.” This allows the end user to access dollarized accounts and savings services without dealing with technical complexitybecoming an “invisible standard” in regional trade.
According to the research, the region has positioned itself as a global benchmark in the adoption of these assets due to a combination of historical factors and structural deficiencies in traditional banking. As you see it, stablecoins are driving a new wave of financial innovation, where they act as a catalyst for growth and inclusion.
The report considers that, while in the past hyperinflation in countries such as Argentina and Venezuela was the main driver of adoption, current growth responds to transactional needs. Likewise, the OpenTrade study underlines that “Latin America has long been defined by cycles of crisis and resilience and today that resilience drives a new wave of financial innovation.”
One of the biggest attractions of this technology is its ability to optimize cross-border payments. They say from OpenTrade that moving money in the region – through traditional channels – usually requires between 5 and 10 intermediaries, which makes processes more expensive and delays. In contrast, stablecoins allow for near-instant and low-cost transfers.
«Stablecoins have become a critical financial infrastructure throughout Latin America. For millions of people and businesses, they power savings, payments and cross-border commerce in ways legacy systems never could,” said David Sutter, co-founder and CEO of OpenTrade.
Sutter’s reflections make sense if you take into account that 70% of the inhabitants of Latin America would like to receive payments in stablecoins, according to a report by the firm BVNK collected by CriptoNoticias. According to that research, self-employed workers in the region earn around 35% of their income from stablecoins.
Sutter projects a paradigm shift for the next decade: “For the next ten years, the default global dollar account will be powered by stablecoins.”
However, the document warns that the future will not depend only on technical advances, but also on three defining variables: regulation, education and infrastructure. The debate about the need for clear rules is persistent, since These could “accelerate institutional participation”according to OpenTrade.
The report concludes that the region is no longer simply trying to catch up with the rest of the world, but that “Latin America could be prepared to define what the future of digital money will be like for the world”, thus consolidating digital assets as one of the most important financial tools in the area.