USDT Still Dominates in Colombia
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Despite MoneyGram’s USDC launch, Tether (USDT) remains the dominant stablecoin in Colombia.Locals frequently use:
Binance P2P for USDT transfers
El Dorado P2P for Tron-based USDT
The USDT supply on Tron exceeded $80B in June, thanks to fast and cheap transfers. Meanwhile, Bitcoin adoption has slowed: BTCMaps shows just 62 merchants now accept BTC in Colombia, down from 106 in 2023.