🤯 XRP Steals the Crypto Crown in Latam: Bitcoin Beware! 🦄

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Oh, what a topsy-turvy world we live in! The H1 Crypto Landscape in Latin America report by Bitso has uncovered a rather peculiar phenomenon. Imagine this: XRP, Ripple’s cheeky little digital asset, has gone and gatecrashed the crypto party in Latam portfolios. And guess what? It’s not just sipping punch in the corner-it’s waltzing around like it owns the place! While good ol’ bitcoin still lords over more than half the volumes (because of course it does), XRP has unceremoniously shoved ether aside to claim second place. How delightfully rude! 😈

Bitso, that giant of a crypto exchange down in Latam, has released its “Crypto Landscape in Latin America – First Half 2025” report, and oh, what juicy gossip it contains! Apparently, while the region remains smitten with traditional cryptocurrencies and stablecoins, something curious is brewing. XRP-yes, that very same underdog everyone loves to underestimate-has been quietly gathering steam among investors like a sneaky locomotive on steroids. 🚂💨

The report, which peered into the habits of customers in Argentina, Brazil, Colombia, and Mexico (where Bitso flexes its muscles), revealed that bitcoin still reigns supreme at 54% of all portfolios. But hold your hats, folks, because XRP now occupies a whopping 12% of accounts-enough to knock poor ether off its perch and into third place with a measly 11%. Stablecoins and local currencies share the same 12%, while other cryptos like SOL and those ridiculous memecoins are lucky if they even make it to 5%. Poor things. 😅

And here’s the kicker: XRP seems to thrive where BTC falters. Take Mexico, for instance (where BTC holds 55% compared to XRP’s 13%) or Colombia (where BTC sits at 49% versus XRP’s 10%). It’s almost as though XRP enjoys playing the mischievous younger sibling. 😉

Now, let’s talk about stablecoins, shall we? These boring-but-brilliant cousins of crypto have managed to stay ahead of the pack when it comes to purchases, accounting for 46% of all buys across the region-an increase from 39% in 2024. USDC and USDT are locked in a fierce battle for dominance, each claiming 23%. Ah, sibling rivalry at its finest! 👫

According to Bitso, this growing obsession with stablecoins likely stems from their newfound real-world usefulness in Latin America. Fancy that!

In Argentina, where economic instability makes people cling to anything resembling stability (pun intended), stablecoins were involved in a staggering 85% of all crypto purchases. And who’s leading the charge? Why, USDT, of course, with a jaw-dropping 78%! As the report so eloquently puts it, “Economic instability, cultural preference for the U.S. dollar, and Bitso’s 24/7 availability of digital dollar purchases explain this.” Translation: When life gives you lemons, trade them for stablecoins. 🍋💸

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2025-08-13 03:28