Latin America’s Stablecoin Boom Faces a Test Beyond Blockchain

Latin America’s growing use of stablecoins is creating a new challenge for financial service providers: making digital dollars as practical to spend as they are to transfer. Blockchain networks can move dollar-linked tokens across borders without relying on conventional correspondent banking arrangements for every transaction. Yet the advantages become less certain when recipients need to convert those tokens into local currency, withdraw cash or pay everyday expenses. The distinction matters as cryptocurrency activity expands across the region.

Source: CoinCentral