{"id":73623,"date":"2026-06-05T23:47:45","date_gmt":"2026-06-05T23:47:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/usdt-hits-near-100-market-share-in-key-latam-markets-new-oobit-report-reveals\/"},"modified":"2026-06-05T23:47:45","modified_gmt":"2026-06-05T23:47:45","slug":"usdt-hits-near-100-market-share-in-key-latam-markets-new-oobit-report-reveals","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/usdt-hits-near-100-market-share-in-key-latam-markets-new-oobit-report-reveals\/","title":{"rendered":"USDT Hits Near 100% Market Share in Key Latam Markets, New Oobit Report Reveals"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Oobit reported USDT holds up near 100% of the stablecoin market volume across Latam, cementing Tether\u2019s dominance.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Spurring 202% growth in Brazil, Oobit links self-custody wallets to Visa\u2019s 150M merchant network.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Colombia became Oobit\u2019s 9th live market, scaling daily cash-like crypto usage for local economies.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Oobit Highlights Tether\u2019s Domain Of Latam\u2019s <span>Stablecoin<\/span> Markets<\/h2>\n<p> <span>USDT<\/span>, in addition to being the largest <span>stablecoin<\/span> by <span>market cap<\/span> in the whole <span>crypto<\/span> market, seems to have a special hold on Latam markets.<\/p>\n<p>Oobit, a payments and remittance company, has released a <a href=\"https:\/\/www.oobit.com\/blog\/latams-stablecoin-adoption-is-surging-oobit-built-the-infrastructure-to-spend-them\" target=\"_blank\" rel=\"noopener noreferrer\">report<\/a> demonstrating the dominance of <span>USDT<\/span>, Tether\u2019s flagship dollar-pegged <span>stablecoin<\/span>, across almost every market in Latam where it operates.<\/p>\n<p><\/p>\n<p>According to data sourced from Artemis and Obchakevich Research, <strong>\u201c <span>USDT<\/span> absolutely dominates the region\u2019s <span>stablecoin<\/span> transaction volumes: in Bolivia, Peru, and Ecuador it is effectively 100%, in Colombia around 98%, and in Chile and Brazil roughly 90%.\u201d<\/strong><\/p>\n<p>The only country where USDC, <span>USDT<\/span>\u2019s largest competitor, has a relevant share of the <span>stablecoin<\/span> market is Argentina, where 46% of the volumes transacted leveraged it. Nonetheless, even there, <span>USDT<\/span> still commands 53% of all <span>volume<\/span>.<\/p>\n<p>Oobit highlighted the growth that Latam <span>stablecoin<\/span> markets have experienced, with Brazil registering 202% activity growth since the platform launched, with each active user averaging 20 transactions per month. The company recently <a href=\"https:\/\/news.bitcoin.com\/crypto-payments-app-oobit-expands-to-colombia-after-explosive-200-growth-in-brazil\/\">launched<\/a> operations in Colombia, becoming its ninth live market.<\/p>\n<p>Oobit\u2019s business model supports a cash-like use of <span>stablecoins<\/span>, with the company providing a system that allows users to spend <span>stablecoins<\/span> directly from their self-custody wallets like Phantom, MetaMask, and Trust Wallet whenever a merchant takes Visa cards.<\/p>\n<p><strong>\u201cWe convert <span>stablecoins<\/span> to fiat instantly on regulated Visa rails: the merchant receives local currency in seconds, and the user never leaves the <span>crypto<\/span> ecosystem,\u201d <\/strong>the company stressed, allowing users to spend their <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a> leveraging Visa\u2019s 150 million merchant network.<\/p>\n<p>This freedom allows Oobit to delve into the real necessities of users\u2019 transactions with <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a>. Payment transactions are completed in grocery stores (35%), restaurants (8.8%), department stores (5.3%), and fast food (4.1%). This shows that <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a> have become the <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> equivalent of cash and not a display of status, Oobit concluded.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/usdt-hits-near-100-market-share-in-key-latam-markets-new-oobit-report-reveals\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Oobit reported USDT holds up near 100% of the stablecoin market volume across Latam, cementing Tether\u2019s dominance. Spurring 202% growth in Brazil, Oobit links self-custody wallets to Visa\u2019s 150M merchant network. Colombia became Oobit\u2019s 9th live market, scaling daily cash-like crypto usage for local economies. Oobit [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":73624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73623"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73623"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73623\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73624"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}