Introduction to Stablecoins and Their Growing Relevance
The adoption of stablecoins is driving new digital payment solutions, remittances, investment, and cross-border trade, particularly among crypto startups and fintech companies, according to Finnosummit.
Stablecoins in Mexico’s Fintech Sector
In Mexico, 63% of crypto fintechs already use stablecoins for remittances, and 50% employ them in international trade operations. This growth addresses the need for increased efficiency, liquidity, and reduced costs in international transactions, as reported by the Finnovista Fintech Radar 2025.
Who are Stablecoins and Why Are They Relevant?
Stablecoins are cryptocurrencies designed to maintain a stable value, as they are pegged to traditional assets like the US dollar or the euro. Unlike other volatile cryptocurrencies, their goal is to provide confidence and predictability in daily use.
Impact on Cross-Border Payments and Financial Inclusion
Andrés Fontao, CEO of Finnosummit, highlighted the potential of stablecoins in faster and more accessible cross-border payments, especially for unbanked communities. They play a crucial role in promoting financial inclusion in the region.
Growth of Fintech Sector
The Payments and Remittances segment led the growth of the fintech sector. In 2024, 45% of companies in this field processed over $30 million, and it is estimated that by 2027, this proportion will rise to 76%, indicating rapid adoption of these tools by businesses and users.
Increasing Crypto Adoption Among Mexican Fintechs
Between 2023 and 2024, the use of crypto technology among Mexican fintechs rose from 6% to 10%, revealing a shift in market perception. Currently, Mexico has 29 active crypto projects, both national and international, positioning the country as one of the most promising markets in this niche.
Benefits of Stablecoins for Businesses and Financial Inclusion
Fontao emphasized that stablecoins stand out for their ability to reduce the cost of money transfers from 7% to less than 1%, and for providing almost immediate liquidity. For instance, payments of $50,000 that once took days can now be settled in minutes. This is particularly relevant for small and medium-sized enterprises facing operational and financial barriers with traditional methods.
Moreover, these digital tools open new possibilities for financial inclusion in unbanked communities by offering more accessible, faster, and intermediary-free financial services.
Regulatory Challenges
The development of stablecoins on decentralized networks and open protocols also presents new regulatory and security challenges that need to be addressed as their usage expands.
Key Questions and Answers
- What are stablecoins? Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to traditional assets like the US dollar or the euro.
- Why are stablecoins gaining traction in the fintech ecosystem? Stablecoins offer increased efficiency, liquidity, and reduced costs in international transactions, making them attractive for crypto startups and fintech companies.
- How do stablecoins impact cross-border payments and financial inclusion? Stablecoins enable faster, more accessible cross-border payments, particularly benefiting unbanked communities and promoting financial inclusion.
- What is the current state of the fintech sector in Mexico? The Payments and Remittances segment is leading the growth of the fintech sector in Mexico, with 63% of crypto fintechs using stablecoins for remittances and 50% employing them in international trade operations.
- What regulatory challenges do stablecoins face? The development of stablecoins on decentralized networks and open protocols presents new regulatory and security challenges that need to be addressed as their usage expands.
