The adoption of Stabbicine in Latin America is increasing, as more and more consumers rely on the Circle and the teacher’s USDC and USDT for their financial stability: this shows a recent report from the Bits Cryptoconnery Exchange.
Stable Quinn has become USDC and USDTA “The reserve of value“In Latin America: They represent about 39 39 % of the total purchase on Bitsa in 2024, the third edition of the report is reported. Latin America Crypto landscape Published on March 12. This study highlighted a significant increase in the adoption of Stabon on the platform, which increased by 9 % of the overall purchases compared to 2023:
“In Latin America, difficult economic conditions, whose characteristic is due to high inflation and a decrease in currency value, which has increased the adoption of crypto currencies – especially in Stabilkin – as a reliable reserve.”
USDC, BTC skin in the head
If the purchase of stable quinn on one side has increased, BitCoin (BTC), on the other hand, recorded a significant reduction in 2024: its share was 22 % compared to 38 % of the second half of 2023.
According to Batsu, the decline in the purchase of BTC in Latin America reflects the growing trend towards “Holding” strategies, which includes the purchase and possession of profit cryptocurrency of profit in the long run.
The decline in BTC purchases is in agreement with the sharp market of 2024, in which BitCoin exceeded the 000 100,000 threshold in December, for the first time in December.
In 2024, the 10 most purchased crypto currency on Bitsa. Source: Batsu
Since Bitsa consumers reduced the purchase of bitcoin in 2024, this activity has shifted to USDC and USDT, such as Stbilkin, which is purchased on 24 % and 15 %, respectively.
Argentina is the first market for USDT, which has 50 % share
More detailed analysis of geographical priorities among Latin American countries shows a strong trend of using USDT in Argentina, which is known to adopt the Stable Queen more than inflation, which has exceeded 100 %.
According to the report, Bitsa’s Argentine users preferred USDT and USDC in 2024: Both assets represent 50 % and 22 % cryptocurrency purchases in the country respectively.
Argentina, Brazil, Columbia and Mexico, 10 most purchased crypto currency on Bitsa. Source: Batsu
On the other hand, the share of BTC purchases in Argentina in 2024 was only 8 %: the lowest percent in the analysis countries. On the other hand, users of Brazilian and Mexican bits continue to prefer BTC in 2024, the percentage of the purchase is equivalent to 22 % and 25 %, respectively.
