LATAM Crypto Exchange Volume Skyrockets to $27 Billion: Driven by Stablecoin Use

Latin America’s cryptocurrency market is experiencing unprecedented growth, with exchange volume surging from just a few billion dollars in 2021 to an astonishing $27 billion by 2024. This significant jump, as detailed by Dune’s recent report, can be largely attributed to the rising popularity of stablecoins. According to the analysis, USDT and USDC, two leading stablecoins, dominated July 2025 trading volume at over 90%. BRL and MXN-pegged stablecoins experienced explosive growth in this period. 2021–2024 saw a notable 9x increase in exchange volume within the region, fueled by Ethereum, Tron, Solana, and Polygon—all contributing to strong blockchain infrastructure that supports both retail and institutional users.