Stablecoin in LATAM remittance: $112B chance beyond US-Mexico

Bybit executive Claudia Wang says stablecoin firms have a $112B opportunity in LATAM remittance outside the US–Mexico corridor. She argues most fintechs are over-focused on the $61.8B US–Mexico market, while faster-growing corridors in Central and South America are being overlooked. Wang cites 2025 data: US–Mexico remittances fell 4.5% to $61.8B, while US→Central America rose sharply—Honduras +19%, El Salvador +18%, Guatemala +15%. She links the divergence to US immigration policy: Central America migrants are sending larger, faster transfers to hedge deportation risk, while Mexico’s diaspora is more established. For non-US–Mexico corridors, Wang says many markets are “barely served” by traditional money transmitter operators and “almost untouched by crypto rails.” Her key point: in LATAM, the “killer app” is not transacting with stablecoins and converting back, but holding dollars (stablecoins) as a value store—“the transaction is the side effect.” Wang expects winners to use local country-specific stacks: different licenses, payment rails, stablecoin liquidity, and closed-loop economics (remit → hold → spend → earn). She also notes competition is broad: Western Union and MoneyGram are moving into stablecoins after the GENIUS Act (July), while crypto-native firms such as Binance, Bitso, Strike and Felix Pago—and even large non-crypto players—are also targeting LATAM. Overall, the article frames stablecoin in LATAM remittance as a user-centric adoption story focused on trust and money landing, not retail self-custody.