📍Short Report: Why are stablecoins on @0xPolygon and @Celo chosen in the Latam region?

I looked for cause-and-effect relationships and came to the following conclusion:

- Inflation causes a flight to stable assets such as cUSD, cREAL, USDC, and USDT. Stablecoins have become a tool for hedging, facilitating transfers, and financial inclusion. 80% of the total volume on CEX is stablecoins.

Data: *USDT/USDC domination on CEX in Latam

- Large transfers require cheap transfers, and Latam's lack of banking stimulates new affordable tools and solutions on the blockchain.

- Polygon and Celo stand out due to their technical advantages:

@0xPolygon offers low fees, high throughput, developed payment infrastructure, and compatibility with Ethereum, integration with local systems, and support for non-USD stablecoins, processing over $1B in CEX flows in 2025.

Data: *Payments projects on Polygon based in Latam

@Celo focuses on mobility with phone number-based wallets like @minipay, gasless transactions, and leadership in stablecoin volumes such as cUSD and cREAL, with a volume of $363m.

Data: *cReal dominance on Celo in Brazil

The region receives over $150b in remittances annually, where traditional systems have high fees, while stablecoins provide instant and cheap transfers, with 71% of crypto users using them for remittances and payments.

About 70% of the population of Latam is unbanked, so stablecoins via mobile wallets provide access to savings and microloans.

All these cause-and-effect relationships form a single vision, where residents of countries with unstable economies seek a way out in stablecoins, choosing the chains that are best suited for this purpose.

Visualization: *Fireblocks company

Data source:

Polygon Payments -

Latam CEX -

Latam Stablecoins -

#Payments