Stablecoins, which are digital currencies pegged to traditional assets like the US dollar, are increasingly preferred over Bitcoin for cryptocurrency purchases in Latin America, according to a new Bitso report.

A recent report from the cryptocurrency exchange Bitso highlights a significant shift in how people in Latin America are using digital assets. The study indicates that stablecoins, which are cryptocurrencies designed to maintain a stable value by being linked to assets like the US dollar, are now more popular than Bitcoin for purchases. This trend is especially noticeable in regions struggling with high inflation, where stablecoins offer a more predictable alternative for everyday financial transactions and preserving wealth.