Mexico’s Stalled Stablecoin Rules Leave Peso Out of Remittances
Despite a 2018 law allowing regulated stablecoins, Banxico has approved none, leaving dollar-pegged USDC and USDT to dominate Mexico-US remittance flows.
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LATAM
IMF to Open Venezuela Office as USDT Dominates Informal Economy
The IMF will open a Venezuela office in 2027, just as USDT has become the de facto currency for 90% of the country's peer-to-peer bolívar market.
Bolivian Carrier VIVA Moves Financial Operations Onto Avalanche Network
VIVA becomes the first telecom operator to settle transactions on Iris, an Avalanche-based financial network, using a dollar stablecoin to hedge against local currency volatility.
Mexican Forces Raid Hidden Crypto Mine Tied to Power Theft Probe
Mexican authorities dismantled a hidden crypto mining site near a Puebla hydroelectric dam, the fourth such operation found in the region since 2025, amid suspicions of power theft and money laundering.
Venezuela’s Bimonetary Plan Leaves Out the Currency People Actually Use
Venezuelan economists proposed a formal bolívar-dollar bimonetary system on September 12, 2026, but left out USDT, the stablecoin millions already use daily.
Nubank Rolls Out Stablecoin-Powered Global Account Beyond Latin America
Nubank unveils a global account built on stablecoin infrastructure, extending its Latin American banking model into new markets and signaling deeper mainstream adoption of stablecoins in everyday finance.
MoneyGram Brings Stablecoin-Backed Visa Card to Colombia
MoneyGram has rolled out a Visa card in Colombia backed by USDC, letting users spend stablecoin balances directly at everyday points of sale.
MoneyGram Launches Stablecoin-Backed Visa Card, Starting in Colombia
MoneyGram debuts a stablecoin-backed Visa card starting in Colombia, letting users hold USDC balances, spend globally, and cash out at retail locations.
Brazilian Banks Expand Crypto Offerings, Keep Assets Off Their Books
Brazil's biggest banks are selling more crypto assets to retail clients than ever, but new Central Bank filings show none of them hold any crypto on their own balance sheets.
Tether-Backed Exchange Orionx Collapses Over $7M Custody Breach
Tether-backed Chilean exchange Orionx is shutting down after an audit found over $7 million in customer crypto moved to unmanaged wallets, prompting a criminal complaint against two former executives.