Stablecoins Gain Traction in LATAM Despite Mining Challenges

[johnblockbuster]

While mining operations face hurdles, stablecoin adoption is on the rise in Latin America. In Bolivia, Toyota, Yamaha, and BYD now accept USDT amid shrinking US dollar reserves. In Colombia, MoneyGram’s crypto payments app allows users to save in dollar-pegged stablecoins as the peso continues to weaken. The trend shows strong demand for digital dollar alternatives, even as energy-intensive crypto operations navigate high local costs.