The growth rate of monthly active users in Latin America is three times that of the United States, with stablecoins as the core driving force
According to the annual report from the Argentine cryptocurrency exchange Lemon, the growth rate of monthly active users in Latin America in 2025 is three times that of the United States, with the total regional digital asset inflow exceeding $730 billion for the year, a year-on-year increase of over 60%, accounting for 10% of the global total.
There is a clear differentiation within the region: Brazil leads in capital scale with an inflow of over $318.8 billion, with an annual growth rate of nearly 250%, primarily driven by institutional trading and the integration of local payment systems; Argentina, on the other hand, ranks first in terms of per capita monthly active user ratio, with a penetration rate of 12% of the total population, accounting for over a quarter of the region's activity.
The report points out that users in high-inflation economies such as Argentina and Venezuela tend to use crypto assets as a store of value, with USDT widely adopted in daily transactions in Venezuela; more stable markets like Peru and Colombia focus more on financial returns. Stablecoins are seen as the most critical factor driving regional adoption, continuing to grow rapidly in 2025.
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