Introduction to Key Players and Their Relevance
The Aptos Foundation, a blockchain technology developer, and Bitso, a financial services and cryptocurrency platform, have announced a partnership to expand the use of stablecoins in Latin America and improve international transfer processes, especially between the high-volume corridor of the United States and Mexico.
Bitso is a prominent player in the Latin American fintech scene, offering cryptocurrency trading and payment services. The Aptos Foundation, on the other hand, is responsible for developing Aptos, a blockchain platform designed to facilitate secure and efficient digital transactions without intermediaries.
Partnership Details and Benefits
Under this collaboration, Bitso users will gain access to stablecoins USDT and USDC, backed by the US dollar, within the Aptos blockchain network. Additionally, users will have access to the APT cryptocurrency with plans for full deposit and withdrawal capabilities through this infrastructure.
The Aptos blockchain technology is well-suited for high-volume, low-cost transactions due to its design that processes a large number of operations quickly and with minimal fees. This makes it ideal for use cases such as remittances or cross-border payments.
Stablecoin Adoption in Latin America
The partnership comes at a time when stablecoin adoption in Latin America is growing steadily. According to Bitso, 46% of transactions on their platform in the first half of 2025 involved US dollar-linked stablecoins, marking a year-over-year increase of 10 percentage points.
This trend is primarily driven by their use in remittances, small business payments, and treasury management.
Addressing the Growing Demand for Efficient Payment Methods
The alliance aims to cater to the increasing demand for more efficient payment methods in Latin America. This includes families receiving remittances and financial institutions conducting large-volume international transfers.
The Aptos Foundation reported that the monthly transfer volume of stablecoins on their network currently exceeds $50 billion, reflecting the rising use of this technology in emerging markets.
The partnership also plans to expand to countries like Argentina, Colombia, and Brazil. In Mexico, MXNB, a peso-linked stablecoin, is highlighted as an example of local solutions.
Key Questions and Answers
- What is the purpose of this partnership? The collaboration between Aptos Foundation and Bitso aims to enhance the use of stablecoins in Latin America, improve international transfer processes, and offer faster, low-cost payment alternatives.
- Which stablecoins will be available through this partnership? Bitso users will have access to USDT and USDC stablecoins within the Aptos blockchain network.
- Why is this partnership significant for Latin America? The region has seen growing stablecoin adoption, with 46% of Bitso transactions in H1 2025 involving US dollar-linked stablecoins. This partnership addresses the need for more efficient payment methods in Latin America.
- What is the current volume of stablecoin transfers on the Aptos network? The monthly transfer volume of stablecoins on the Aptos network currently exceeds $50 billion.
- Which countries will be part of this expansion? The partnership plans to expand to Argentina, Colombia, and Brazil.
- What is an example of a local stablecoin solution in Mexico? MXNB, a peso-linked stablecoin, serves as an example of local solutions in Mexico.
