Stablecoin Firms Have a $112B Opportunity in LATAM Remittance Outside of US-Mexico: Bybit

Why It Matters

The insight redirects capital toward higher‑growth, under‑served corridors, forcing fintechs to adapt regulatory and product strategies to capture a sizable, untapped revenue stream in LATAM remittances.

Key Takeaways

• LATAM remittance market totals $174 B, $112 B outside US‑Mexico
• US‑Central America corridors grew 15‑19% in 2025, outpacing Mexico
• Fintechs need country‑specific licenses, rails, and stablecoins to win
• Users prefer holding dollar‑backed stablecoins over quick transfers

Pulse Analysis

The Latin American remittance landscape is undergoing a seismic shift. While the $61.8 billion US‑Mexico corridor has long dominated headlines, the broader $112 billion segment—spanning Central America and intra‑regional flows—offers faster growth and less competition. Bybit’s analysis shows that corridors like Venezuela‑to‑Colombia and Argentina‑to‑Bolivia are gaining momentum, driven by heightened migration pressures and a desire for rapid, low‑cost cross‑border payments. Fintechs that continue to focus solely on the traditional US‑Mexico pipeline risk missing out on a market that could dwarf their current addressable base.

Regulatory nuance is now the decisive factor. Each LATAM country demands its own licensing regime, payment rails, and stablecoin compliance framework. Western Union’s upcoming USD‑backed stablecoin, USDPT, and similar initiatives from MoneyGram illustrate how legacy players are adapting to this fragmented environment. Crypto‑native platforms—Binance, Bitso, Strike, Felix Pago—already operate with country‑specific stacks, giving them a first‑mover advantage. Companies that invest in localized infrastructure, rather than a one‑size‑fits‑all regional solution, will secure the trust needed to capture high‑value users.

User behavior further reshapes the opportunity. Contrary to the typical crypto trader profile, the average remittance sender in LATAM is a 40‑to‑60‑year‑old who values stability and certainty over self‑custody. They prefer to hold dollar‑backed stablecoins as a store of value, using the transaction merely as a conduit. Fintechs that design seamless, low‑friction experiences—allowing users to remit, hold, spend, and earn without complex onboarding—will dominate the next decade of LATAM remittance services. Aligning product design with these preferences is essential for unlocking the $112 billion upside.