The crypto card company emphasized that these volumes result from a more conscious use of stablecoins, driven by solving real-world problems rather than speculative or purely transactional goals, unlike those in other markets. Colombia and Bolivia are among the fastest growing markets.
Key points to remember:
- Rain reported that Latam processed $1.5 billion from 2022 to 2025, solidifying stablecoins as market reserve assets.
- Fleeing the devaluation of their currency, users can reduce transfer fees by 92% by using stablecoins.
- Boosting alternative finance, the number of Rain cardholders increased 64-fold in Colombia in 2025 to serve unbanked users.
Rain Report Highlights Strong Growth of Crypto Cards in Latin America
Rain, a company that provides the infrastructure for issuing crypto cards backed by stablecoins, has revealed significant growth in the use of these tools in Latin America.
In its recent “State of Stablecoins in Latin America” report, Rain said the region has transacted nearly $1.5 trillion between 2022 and 2025, with the majority of these flows being mediated by stablecoins, reflecting their adoption as a proxy for the dollar in the region.
This adoption, unlike other regions, is driven by their ability to solve concrete problems arising from the economic limitations of the experience of some of these countries.
Among these key factors are the uncertainty and high devaluation of the region’s currencies, notably the Argentine peso and the Venezuelan bolivar, which have lost much of their value in recent years.
This results in a natural demand for a currency that can serve as a reserve value for national currencies.
Another factor driving stablecoin adoption is the high fees for cross-border settlement services in the region, with stablecoins offering discounts of up to 92% on service fees.
The third element fueling stablecoin adoption is limited access to banking services in countries like Mexico and Colombia, where stablecoins can serve as alternative financing vehicles through neobanks.
Rain chose Colombia, where the number of Rain cardholders increased 64 times since the start of 2025, and Bolivia, where spending with Rain cards increased more than 6 times in 2025, as dynamic markets in the region.
The company emphasizes that as long as these adverse conditions persist, the demand for stablecoins and the infrastructure to manage them, including cards, will persist.
“The use cases that have taken hold in Latin America and the infrastructure being built to support them represent some of the clearest real-world examples of stablecoins having a significant impact on the way consumers and businesses operate financially.” The rain has ended.