Stablecoins are rapidly transforming financial services across Latin America, offering a reliable, fast, and affordable alternative to traditional cross-border payments. Between July 2023 and June 2024, Latin America received nearly $415 billion in cryptocurrency, representing 9.1% of global crypto value received, with stablecoins serving as a vital hedge against inflation and for remittances in countries like Argentina and Brazil (Chainalysis, 2024).

As businesses and individuals seek to protect themselves from currency volatility, the leading stablecoin providers in LATAM for 2025 are becoming central to the region’s payments ecosystem. Mural Pay stands out for global businesses, delivering stablecoin-powered payments infrastructure focused on speed, compliance, and transparency.

• Stablecoin adoption in LATAM is accelerating due to inflation, remittance flows, and fintech innovation.

• Top providers—Mural Pay, Tether, and others—offer rapid settlement, high liquidity, and strong compliance.

• Businesses can cut cross-border payment fees to under 1% and settle transactions in seconds.

• Each country’s regulatory stance differs, making AML and KYC adherence critical.

• Upcoming CBDC pilots and deeper integration with banking networks will shape the next wave of growth.

The Rise of Stablecoins in LATAM: Market Drivers and Trends

Stablecoin adoption in Latin America has soared, propelled by inflation, currency controls, and the desire for affordable remittance solutions that help families send and receive money faster with fewer fees. In 2024, stablecoins accounted for a significant portion of purchases on top regional cryptocurrency exchanges (Cointelegraph, 2024).

Stablecoins are bridging the gap between digital innovation and real-world financial needs in the region.

Argentina stands out, with stablecoins making up 61.8% of total crypto transaction volume in 2024, while Brazil follows at 59.8% (Chainalysis, 2024). Venezuela has also experienced a 110% year-over-year surge in crypto transactions, highlighting how economic instability drives digital asset adoption.

This surge is fueled by economic pressures, widespread smartphone use, and a wave of fintech innovation that makes stablecoins increasingly accessible.

What Makes a Top Stablecoin Provider? (Key Criteria for 2025)

Selecting the right stablecoin provider in 2025 relies on several core factors. A top provider should offer strong liquidity, competitive fees, rapid settlement times, and transparent regulatory compliance. Today’s leading stablecoin platforms are evaluated for:

• Liquidity: The ability to process large transaction volumes without major price changes.

• On/Off-Ramps: Easy conversion between fiat and stablecoins, empowering businesses to move funds flexibly.

• Compliance: Adherence to AML, KYC, and local regulatory frameworks for safety and reliability.

• Speed: Settlement times measured in seconds, not days.

• Security: Strong cybersecurity and transparent practices.

• Batch payout capabilities: Allowing high-volume business payments to 100+ recipients at once.

A provider’s performance in these areas determines its value for organizations seeking to optimize cross-border payments with stablecoins in LATAM.

For more on regulatory compliance in the region, see our Stablecoin Compliance Checklist for Colombian PSPs in UIAF & SFC Rules.

Top Stablecoin Providers in LATAM: 2025 Comparison

These are the top stablecoin providers in LATAM 2025, recognized for their reach, innovation, and demonstrated market impact:

1. Mural Pay

Mural Pay leads in stablecoin-powered payments infrastructure, enabling instant, low-cost, and compliant transactions across 170+ countries, with a focus on the Americas. Key features include real-time settlement, batch payments for 100+ recipients, transparent fees, and compliance protocols. Mural Pay also integrates on/off-ramps and multi-currency support for businesses navigating complex regulatory environments.

2. Tether (USDT)

Tether remains the largest stablecoin by market capitalization and is widely used for remittances and as a store of value, especially in countries like Argentina. Its integration with commodity markets, such as the Adecoagro partnership, demonstrates a focus on practical, real-world utility.

3. Mercado Pago (Meli Dolar)

Mercado Pago, the fintech arm of MercadoLibre, launched Meli Dolar in Brazil in 2024. This stablecoin is pegged to the US dollar and facilitates easy USDT deposits, broadening stablecoin access for Brazilian users. Ripio functions as an exchange and market maker for Meli Dolar transactions.

4. Circle (USDC)

Circle’s USDC continues to gain traction for its regulatory transparency and partnerships with local financial institutions in Brazil and beyond. USDC is seen as a reliable option for business payments and remittances.

5. BRLA Digital

BRLA Digital issues the BRLA stablecoin, pegged to the Brazilian Real. It is backed by local currency and government bonds, making it appealing for companies operating within Brazil.

6. TransFi

TransFi supports licensed on/off-ramps, compliance infrastructure, and local fiat integration across the region, empowering fintechs to grow stablecoin-based offerings with KYC/AML controls.

7. El Dorado

Founded in 2020 by Venezuelan entrepreneurs, El Dorado is a peer-to-peer platform supporting stablecoin transactions across Argentina, Brazil, Colombia, Peru, and several other countries in the region. By 2024, El Dorado had processed over three million P2P operations and reached over 400,000 users (Wikipedia, 2025).

For a deeper dive into on/off-ramp solutions for businesses, see our Top Stablecoin Off-Ramps for LATAM Businesses.

Provider Comparison Table

Cost, Speed, and Liquidity: How Do Providers Compare?

Cost, speed, and liquidity define the strongest stablecoin providers in LATAM. Traditional remittance services often charge between 5% and 10%, while stablecoin transactions typically reduce these costs to under 1% (Blockchain Founders Group, 2024).

Settlement times are measured in minutes, not days, due to instant blockchain confirmation.

In terms of liquidity, Brazil’s net imports of crypto assets reached $12.9 billion in the first nine months of 2024, with stablecoins making up nearly 70% of all crypto transactions—evidence of deep market liquidity and stablecoin dominance (Reuters, 2024). Argentina’s stablecoin adoption rates are even higher, with stablecoins representing over 60% of all crypto transaction volume.

For more details about transaction fees for stablecoin payments, see our Stablecoin Transaction Fees (and How to Fund Them).

Stablecoin API Integration: Practical Steps for LATAM Businesses

Many finance teams are now integrating a LATAM stablecoin API to automate treasury and payout workflows. Key steps include:

• Completing KYB onboarding with a provider like Mural Pay to unlock programmatic access.

• Testing endpoints in a sandbox to validate stablecoin payment automation for pay-ins and pay-outs.

• Configuring webhooks for real-time status updates and reconciliation.

• Rolling out batch or recurring payments once security roles and approvals are set.

Following this phased approach helps businesses minimize integration time while maintaining compliance across multiple jurisdictions.

Regulatory Landscape: Compliance and Risk in LATAM

A common concern is how regional regulations affect stablecoin payments. The answer varies significantly by country. Brazil is leading with regulatory frameworks and a central bank that views stablecoins as financial assets. Mexico’s fintech law recognizes digital assets but leaves stablecoin regulation less defined, creating both opportunities and uncertainty for providers.

Colombia’s regulatory sandbox and open finance initiatives have fostered innovation. Its regulatory sandbox, "La Arenera," has provided a controlled environment for piloting stablecoin applications and fintech innovation. Argentina’s ambiguous stance highlights the need for businesses to stay informed and agile.

Brazil’s central bank notes that stablecoins now account for 70% of Brazil’s crypto flows, often bypassing traditional regulatory channels (Reuters, 2025). This underscores the need for international cooperation and compliance.

For more information on compliance requirements for cross-border payments, see our Colombian Cross-Border Payment Compliance: A Complete Guide (2025).

Real-World Examples: Stablecoins in Action Across LATAM

Recent use cases illustrate the real impact of stablecoins in the region:

• Mercado Pago integrated USDT deposits in Brazil in 2024, making stablecoin access easier for millions of users (Lumx, 2024).

• El Dorado reached over 400,000 registered users and processed three million P2P transactions by 2024, reflecting the demand for alternative payment networks (Wikipedia, 2025).

TransFi, meanwhile, has helped fintechs achieve millions in compliant cross-border stablecoin transactions by providing infrastructure with built-in AML and KYC controls.

The operational efficiency and user growth achieved by these providers highlight the transformative effect of stablecoins on cross-border payments.

For more on batch payments and operational efficiency, see our Batch Stablecoin Payouts: How Colombian Fintechs Can Pay 100+ Contractors in Minutes.

Challenges and Future Outlook for Stablecoin Payments in LATAM

Despite their benefits, stablecoins face challenges such as changing regulations, infrastructure gaps, and the risk of currency substitution undermining local monetary policy. Security and consumer education remain ongoing priorities for providers and policymakers.

Policymakers are also monitoring the risk of unofficial dollarization, where widespread stablecoin use could impact economic sovereignty.

Looking ahead, Brazil’s central bank is piloting the Drex program, a hybrid CBDC and smart contract platform, signaling the next phase of digital finance in the region (Chainalysis, 2024).

Traditional financial institutions are also advancing digital asset strategies, suggesting stablecoins will increasingly integrate with established payment networks.

For more on the future of payment networks in LATAM, see our Stablecoin vs Traditional Payment Networks: What LATAM Businesses Need to Know.

Frequently Asked Questions: Stablecoin Providers in LATAM

Q: What percentage of remittances between the U.S. and Mexico were processed using stablecoins in 2024?
A: In 2024, billions of dollars in US-Mexico remittance flows were processed using stablecoins, reflecting rapid growth and preference for stablecoin-powered transfers (Mural Pay Blog, 2024).

Q: How do fees for stablecoin payments compare to traditional banks?
A: Stablecoin transactions typically reduce remittance costs to under 1%, compared with 5–10% for traditional services (Blockchain Founders Group, 2024).

Q: What are the main compliance requirements for using stablecoins in LATAM?
A: Providers must comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, and in some countries, report large transactions to financial authorities. In Mexico, for example, crypto providers must report transactions over 70,000 pesos to financial authorities.

Q: How do I convert stablecoins to local currency?
A: Leading providers offer on/off-ramps for local currency exchanges. For details, see our guide to converting stablecoins to local currency.

Interested in streamlining your own cross-border payouts? Connect with the Mural Pay team to learn how our stablecoin payments API can help your business move funds faster and at lower cost.