Latin America’s crypto monthly active user growth rate is three times that of the United States, with stablecoins serving as the core driving force.

Mars Finance reports that, according to Argentina-based crypto exchange Lemon’s annual report, Latin America’s monthly active users are expected to grow three times faster than those in the United States by 2025. The region’s digital asset reception volume will exceed $730 billion for the year, a year-over-year increase of over 60%, accounting for 10% of the global total.

There is a clear regional disparity: Brazil leads in capital scale with over $318.8 billion received, nearly a 250% annual increase, mainly driven by institutional trading and local payment system integration. Argentina, on the other hand, ranks first in per capita monthly active users, with a penetration rate of 12% of the total population, accounting for over a quarter of regional activity.

The report indicates that users in high-inflation economies like Argentina and Venezuela tend to use cryptocurrencies as a store of value, with USDT widely adopted in daily transactions in Venezuela. More stable markets such as Peru and Colombia focus more on financial returns. Stablecoins are seen as the most critical factor driving regional adoption, with continued rapid growth into 2025.