Rain Reports $1.5 Trillion in Latam Stablecoin Transactions from 2022 to 2025

Rain, a stablecoin-backed crypto card infrastructure provider, reported that Latin America processed nearly $1.5 trillion in transactions between 2022 and 2025, with stablecoins intermediating the majority of flows. The adoption is driven by economic limitations in the region, including currency devaluation and high cross-border transfer fees. Stablecoins have emerged as dollar proxies and alternative finance vehicles in countries with limited banking access.

Rain Reports $1.5 Trillion in Latam Stablecoin Transactions

In its "State of stablecoins in Latin America" report, Rain declared that the region had transacted nearly $1.5 trillion between 2022 and 2025. The majority of these flows were intermediated by stablecoins, demonstrating their adoption as dollar proxies in the region. Rain provides infrastructure for issuing stablecoin-backed crypto cards.

Currency Devaluation and High Fees Drive Stablecoin Adoption

Rain identified three key drivers of stablecoin adoption in Latin America. The first is the instability and elevated devaluation of regional currencies, including the Argentine peso and the Venezuelan bolívar, which have lost a large part of their value in recent years. This creates natural demand for a currency that can act as a reserve value.

The second factor is high fees for cross-border settlement services in the region. Stablecoins present reductions of up to 92% in service fees. The third element is limited access to banking services in countries like Mexico and Colombia, where stablecoins can perform as alternative finance vehicles via neobanks.

Colombia and Bolivia Show Strong Growth in Rain Card Usage

Rain singled out Colombia, where the number of Rain cardholders has grown 64 times since the start of 2025. In Bolivia, spending with Rain cards increased more than 6x in 2025. Rain stressed that as long as these unfavorable conditions persist, demand for stablecoins and the infrastructure to manage them, including cards, will persist.

"The use cases that have taken hold across Latin America, and the infrastructure being built to support them, represent some of the clearest real-world examples of stablecoins meaningfully impacting how consumers and businesses operate financially," Rain concluded.

FAQ

What transaction volume did Rain report for Latin America between 2022 and 2025? Rain reported that Latin America processed nearly $1.5 trillion in transactions between 2022 and 2025, with the majority of these flows intermediated by stablecoins.

How much can users reduce transfer fees by using stablecoins in Latin America? According to Rain's report, stablecoins present reductions of up to 92% in service fees compared to traditional cross-border settlement services in the region.

How much did Rain cardholders grow in Colombia in 2025? The number of Rain cardholders in Colombia grew 64 times since the start of 2025, according to Rain's report.