90% of Peru’s $28 Billion Crypto Market Is Now Driven by Stablecoins

📄Full Article· Automatically extracted by trafilatura3130 words

According to Binance’s Latam North General Manager, Daniel Acosta, stablecoins now account for up to 90% of the $28 billion in annual volumes transacted in the Peruvian crypto market. Acosta stressed that the driving use cases for stablecoins in Peru were cross-border payments and remittances. 90% of Peru’s $28 Billion Crypto Market Is Now Driven by Stablecoins Key Takeaways - Binance’s Daniel Acosta notes 90% of Peru’s $28B annual crypto volume now involves dollar-pegged stablecoins. - Lemon reports Peru hit the top 6 crypto economies in 2025, with stablecoins cutting remittance costs significantly. - Next, Acosta predicts institutions will seamlessly adopt crypto, offering a new alternative to legacy banks. Stablecoins Dominate 90% of Peru’s Crypto Market Stablecoins have become one of the top use cases for cryptocurrency, with a more pronounced use in regions facing difficulties accessing regular dollars and economic hardships. Daniel Acosta, Latam North General Manager at Binance, recently commented about the relevance of these digital assets in the country, stressing that they were involved in the majority of the crypto transactions originating in Peru. According to Criptonoticias, Acosta stated that the Peruvian cryptocurrency market has an annual volume of $28 billion, with 90% of these operations involving dollar-pegged stablecoins. For Acosta, one of the driving forces behind this high level of adoption is the use of these as a dollar proxy for remittances and cross-border payments, as these benefit from the removal of middlemen, reducing costs and increasing the efficiency of these processes. “The average cost of sending remittances in Peru is 6.6%. With stablecoins, it drops to less than 0.5%. This represents annual savings of between $180 and $420 for a family. We are not talking about speculation; we are talking about a real impact on people’s lives,” he assessed, reiterating the advantages of using stablecoins versus leveraging traditional alternatives. The Peruvian cryptocurrency market has experienced a boom in recent years. Lemon, an Argentine crypto exchange with a presence in the country, found that in 2025, the country was among the top 6 cryptocurrency economies in the region, with bank-to-exchange transactions more than doubling. 80% of crypto purchases in Peru last year involved stablecoins, driven by their use to gain yield. Acosta believes that cryptocurrencies will start to be considered an alternative to the traditional financial system, with institutions implementing them in some of their processes. In this way, users will not be able to detect whether they are using traditional rails or harnessing crypto or blockchain-based services. Lemon Report: Latin America Grew Its Crypto User Base 3 Times Faster Than the US Lemon Report: Latin America Grew Its Crypto User Base 3 Times Faster Than the US According to a report by Lemon, an Argentina-based crypto exchange, Latin America increased its crypto user base at a rapid… Read NowAccording to a report by Lemon, an Argentina-based crypto exchange, Latin America increased its crypto user base at a rapid…

Data Status✓ Full text extractedRead Original (Bitcoin.com)

🔍Historical Similar Events· Keyword + Asset Matching6 items

2026-04-26

Central Bank of Brazil: Stablecoins Dominate Over $6.9 Billion Crypto Purchases Registered in Q1

2026-05-09

Crypto industry cheers Senate Clarity Act markup date as market structure push resumes

Similarity 130%關鍵字 crypto/market

2026-05-09

Emerging-market users are treating crypto exchanges like banking apps, Binance says

Similarity 130%關鍵字 crypto/market

2026-05-09

Why a 2017 Linux bug is now a major concern for the crypto industry