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According to a report by the Argentine cryptocurrency company Lemon, as reported by Jinse Finance, the region's cryptocurrency trading volume in 2025 will exceed $730 billion, representing a 60% increase over the previous year and accounting for approximately 10% of global cryptocurrency trading volume. The growth is not only reflected in trading volume. The report states that the number of monthly active users of Latin American cryptocurrency applications has increased by about 18% year-on-year, which is roughly three times the growth rate in the United States.

Colombia has finalized a draft law for digital asset regulation, defining digital assets as representations of other assets rather than currency. The central bank will be responsible for stablecoin regulation, while the financial regulatory authority will oversee virtual asset service providers.

Block CEO Jack Dorsey stated that the company will support stablecoins due to customer demand, despite his previous advocacy for bitcoin as the sole internet monetary protocol. The popularity of stablecoins has driven this shift, while competitors such as Stripe and PayPal have also added stablecoin options, intensifying market pressure. Dorsey still maintains that bitcoin's decentralized model is the preferred open financial protocol.