Bitcoin

<ul><li>Latam crypto traders favor stablecoins, especially USDT, making up 40% of trading volumes, over Bitcoin.</li><li>Brazil&#39;s high inflation drives nearly half of real-based trades to stablecoins, reflecting currency instability.</li><li>Binance&#39;s dominance in Latam shows 63% of top trades are stablecoin-to-fiat, influencing CBDC consideration.</li></ul>A recent market report issued by <a href="https://25446524.fs1.hubspotusercontent-eu1.net/hubfs/25446524/_LATAM%20Market%20Report.pdf?hstc&#61;255101527.90a18c54de0745db2e951cd93eb45519.1718054664176.1718103473663.1718979525155.9&amp;hssc&#61;255101527.1.1718979525155&amp;__hsfp&#61;381634184" rel="noopener noreferrer nofollow">Kaiko</a>, a prominent cryptocurrency market data analytics firm, highlighted a significant trend in Latin American (Latam) crypto trading. The report revealed that Latam cryptocurrency users prefer stablecoins over Bitcoin. This preference is particularly evident with <a href="https://cryptotale.org/tethers-50m-usdt-moves-spark-bullish-market-speculation/" rel="noopener noreferrer nofollow">Tether&#39;s USDT</a>, which constitutes 40% of the trading volumes in the region. This trend continues despite Bitcoin&#39;s appeal as a hedge against currency debasement, a common issue in many Latam countries.The <a href="https://research.kaiko.com/insights/reality-bites-for-btc-miners" rel="noopener noreferrer nofollow">Kaiko report </a>analyzed data from seven major cryptocurrency exchanges that offer trading pairs involving Latam currencies. These exchanges include Kucoin, Binance, Mercado Bitcoin, Bitso, Htx, Okx, and Bitfinex. The analysis reveals that the trend towards stablecoins has surged since 2021.Notably, stablecoins are particularly popular in Brazil, where almost half of the trades involving the Brazilian real include stablecoins. This preference is driven by the instability of the Brazilian currency and the high inflation rates in the region.<a href="https://cryptotale.org/altcoins-rally-as-bitcoin-dominance-drops-is-altcoin-season-on-the-horizon/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Kaiko Report Unveils Latam's Stablecoin Preference Over Bitcoin

CryptoTale

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