Stablecoins Outshine Bitcoin in Latin America: Bitso’s Crypto Twist 🤑

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Oh, what a curious tale we have here! In a land where money can be as fickle as a chameleon, it seems that USDC and USDt stablecoins have become the shiny new toys in the Latin American crypto playground, according to Bitso’s latest report. 🎈

These delightful digital dollars are now a “treasure chest” for 39% of all purchases on Bitso in 2024. Imagine that! It’s like everyone’s trading their gold coins for… more gold coins, but digital. 🤑

And would you believe it? The report says that stablecoin purchases have shot up by 9% from last year. It’s as if everyone’s decided that a stablecoin is the perfect dance partner for the tango of financial stability. 💃

“In Latin America,” Bitso declared, “where money can vanish like a magician’s rabbit, stablecoins are the new magic trick for keeping your dough safe and sound.” 🪄

USDC Dashes Ahead, Bitcoin Takes a Nap

While stablecoins are running the race like a fleet-footed antelope, Bitcoin seems to be taking a little siesta. Its trading volume on Bitso has dropped to a mere 22% from a once-impressive 38% in the latter half of 2023. 🐌

Bitso suggests that this decline is due to a trendy new strategy called “hodling.” You know, like holding onto your favorite teddy bear for dear life, but with Bitcoin. 🧸

And just when Bitcoin hit a record high of $100,000, everyone decided it was time for a nap. Go figure! 😴

As Bitcoin dozed off, Bitso users flocked to stablecoins like USDC and USDT. USDC was the shiny star at 24%, while USDT wasn’t too shabby either. 🌟

USDT, the stablecoin that’s as popular as a telenovela, accounted for 15% of all crypto purchases on Bitso in 2024. 📺

Argentina Loves USDt More Than Mate

In a surprising twist, Argentina has become the ultimate USDt fan club, with a whopping 50% share. It’s like USDt is the new national drink, more beloved than mate! 🍵

Bitso’s report reveals that in Argentina, USDt and USDC were the hot cakes of 2024, accounting for 50% and 22% of all crypto purchases, respectively. Meanwhile, Bitcoin was as popular as a rainy day at a beach party. 🌧️

Bitcoin’s share in Argentina was a mere 8% of crypto purchases last year on Bitso, which is like being the least favorite cousin at a family reunion. 🥲

But fear not, Bitcoin fans! In Brazil and Mexico, Bitcoin is still the life of the party, with 22% and 25% of Bitso users choosing it as their crypto poison. 🎉

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2025-03-13 13:22