- Kaiko discovered stablecoins have overtaken Bitcoin in Latin America.
- Stablecoins make up 63% of crypto volumes across Latam’s top exchanges.
- The stablecoin surge in Latin America started around 2021.
Stablecoins have overtaken Bitcoin in popularity among Latin American crypto users, according to a new report from research firm, Kaiko. This trend, observed across seven major exchanges, highlights a growing preference for stable digital assets in the region.
Stablecoins more preferred than Bitcoin in Latin America, Kaiko study revealsA recent study by crypto market research firm Kaiko has observed the popularity of stablecoins over Bitcoin in Latin American crypto markets. According to https://t.co/16dw4rejR4, the analysis covered…
— CoinNess Global (@CoinnessGL) June 25, 2024
These crypto exchanges offer trading pairs with Latin American fiat currencies, with stablecoins emerging as three of the most traded assets on three of those platforms, according to Kaiko’s research. Notably, Binance handles nearly half of the crypto transactions in Latin America, with available data showing users prefer transacting in stablecoins.
Meanwhile, stablecoin-to-fi…
The post Latin American Crypto Markets Favor Stablecoins Over Bitcoin, Kaiko Research Reveals appeared first on Coin Edition.