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USDT Dominates Latam Stablecoin Markets at Near 100% Share, Oobit Reports 202% Brazil Growth

Industry Reports

2026-06-06 00:16:59

According to a report released by Oobit, USDT holds near 100% of the stablecoin market volume across Latin America, with an effective 100% share in Bolivia, Peru, and Ecuador, around 98% in Colombia, and roughly 90% in Chile and Brazil.

Oobit reported 202% activity growth in Brazil since its platform launch, with active users averaging 20 transactions per month. The company recently expanded to Colombia, its ninth live market. Oobit's platform enables users to spend stablecoins directly from self-custody wallets through Visa's 150 million merchant network, with instant fiat conversion on regulated rails.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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