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The crypto paper institution stressed that these volumes effect from a much conscious usage of stablecoins, driven by factual problem-solving alternatively than by speculative oregon purely transactional objectives, dissimilar those successful different markets. Colombia and Bolivia are among the highest-growth markets.
Key Takeaways
- Rain reported Latam processed $1.5T from 2022 to 2025, cementing stablecoins arsenic marketplace reserve assets.
- Fleeing their currency’s devaluation, users tin chopped transportation fees by 92% by utilizing stablecoins.
- Driving alternate finance, Rain cardholders grew 64x successful Colombia successful 2025 to service unbanked users.
Rain Report Underscores Large Growth Of Crypto Cards In Latam
Rain, a institution that provides the infrastructure for issuing stablecoin-backed crypto cards, has revealed important maturation successful the usage of these tools successful Latam.
In its caller “State of stablecoins successful Latin America” report, Rain declared that the portion had transacted astir $1.5 trillion betwixt 2022 and 2025, with the bulk of these flows intermediated by stablecoins, a testament to their adoption arsenic dollar proxies successful the region.
This adoption, dissimilar successful different regions, is driven by their quality to lick factual problems originating from the economical limitations immoderate of these countries experience.
Among these cardinal drivers are the instability and elevated devaluation of the currencies successful the region, including the Argentine peso and the Venezuelan bolívar, which person mislaid a ample portion of their worth successful caller years.
This results successful a earthy request for a currency that tin enactment arsenic a reserve worth erstwhile nationalist currencies.
Another origin pushing stablecoin adoption is the precocious fees that plague cross-border colony services successful the region, with stablecoins presenting reductions of up to 92% successful work fees.
The 3rd constituent that powers stablecoin adoption is constricted entree to banking services successful countries similar Mexico and Colombia, wherever stablecoins tin execute arsenic alternate concern vehicles via neobanks.
Rain singled retired Colombia, wherever the fig of Rain cardholders has grown 64 times since the commencement of 2025, and Bolivia, wherever spending with Rain cards accrued much than 6x successful 2025, arsenic vibrant markets successful the region.
The institution stresses that arsenic agelong arsenic these unfavorable conditions persist, request for stablecoins and the infrastructure to negociate them, including cards, volition persist.
“The usage cases that person taken clasp crossed Latin America, and the infrastructure being built to enactment them, correspond immoderate of the clearest real-world examples of stablecoins meaningfully impacting however consumers and businesses run financially,” Rain concluded.
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