Two data points landed within days of each other and are worth reading together. On August 30, 2026, a16z crypto, the crypto research arm of venture capital firm Andreessen Horowitz, published an analysis using market data from Artemis showing that stablecoins now account for 94% of Argentina's peso denominated crypto trading volume, the highest share tracked for any major currency. Separately, Fireblocks' State of Stablecoins 2025 report, based on a survey of roughly 300 payment providers and banks worldwide, found that 71% of Latin American firms are already using stablecoins for cross border payments, the highest regional figure globally. Together they describe the same shift from two different angles: stablecoins in Latin America have stopped being a trading curiosity and become payment infrastructure.
The numbers behind the headline
Argentina remains the clearest single country case. a16z frames the country's stablecoin dominance less as speculation than as a move toward routine financial infrastructure: monthly inflation fell from a peak of 25.5% to about 2.1%, and the digital dollar premium over the official exchange rate narrowed to roughly 4%. Demand has shifted from hedging against the peso toward everyday uses like payroll, though even that growth is cooling to a steadier pace as it normalizes.
Zoom out regionally and OpenTrade's May 2026 report, The Stablecoin Surge: Unlocking Growth Across Latin America, puts a number on the broader trend: of the 730 billion dollars in onchain crypto value received across Latin America in 2025, 324 billion dollars moved through stablecoins, up 89% year over year, with global business to business stablecoin volumes growing 30 times between early 2023 and mid-2025. The corridor level detail is what makes the trend concrete: Bitso reports roughly 6.5 billion dollars a year in US-Mexico stablecoin flows, Bolivia's stablecoin transaction value grew 530% in a single year, and an estimated 34% of retail payments in Venezuela now happen in stablecoins. The appeal shows up in the cost math too: stablecoin transfers can cut cross border payment costs by up to 90% compared with traditional remittance services charging as much as 10% per transfer.
What this means for anyone actually moving money
For businesses using stablecoins for payroll, remittances, or working capital, the practical takeaway is to treat them as plumbing rather than a product feature. The instruments earning durable trust in the region are the ones that behave like money: fully reserved, redeemable, and unremarkable in the best sense. Backing composition matters too. Local currency stablecoins backed by local sovereign instruments and low risk liquid assets reduce dependence on constant dollar conversion, which helps explain why so much of the region's stablecoin activity is now denominated in pesos, reais, and other local currencies rather than only in dollars.
Where Twin fits in
Twin is the issuer behind ten local currency stablecoins for Latin America, including ARGt (Argentine peso), BRAt (Brazilian real), and COLt (Colombian peso), each backed by reserves that meet or exceed circulating supply and built for payments and settlement rather than as a promise of yield. That design tracks the same distinction the adoption numbers above are pointing toward: the stablecoins gaining ground in the region are the ones doing the job of money, moving value across borders in local currency, not the ones trying to double as an investment.
Twin Stablecoins are digital payment instruments backed by reserve assets. They are not securities, investment products, or insured bank deposits. They are not legal tender and are not guaranteed by any government. Token holders have no entitlement to any yield or return from reserve assets. This content does not constitute financial, investment, or legal advice.