Welcome to our April newsletter!

Each edition of this newsletter keeps you updated on global, technological and financial trends. Through curated news and relevant analysis, our goal is to help business leaders anticipate trends, optimize cross-border operations, and make informed decisions in an increasingly dynamic market. 

Thank you for continuing to drive financial transformation alongside Bitso Business.

Stablecoin Conference 2025 is the first event in Latin America exclusively focused on stablecoins. Organized by Bitso Business, it will take place on August 27 and 28 in Mexico City. 

This event will bring together over 1,000 attendees, including business leaders, regulators, blockchain developers, and fintech innovators from around the world, to discuss the transformative impact of stablecoins on the payments industry and beyond.

Don't miss it!

Stablecoin adoption gains ground in Mexico 

A recent report by Finnovista reveals that 63% of crypto-focused fintechs in Mexico already use stablecoins for peer-to-peer remittances, while 50% employ them in cross-border trade operations, highlighting their growing role as international B2B payment methods. 

This trend shows how Mexican companies are embracing stablecoins to enable faster and more efficient transactions, leveraging their parity with fiat currencies and inherent stability.

Learn more in: 

El uso y adopción de Stablecoins ganan terreno en México, según informe Finnovista Fintech Radar en México

Why are companies migrating from SWIFT to stablecoins?

With the growing need for faster, more efficient international payments, businesses are shifting away from traditional systems like SWIFT and toward stablecoin-based solutions, which eliminate prefunding and significantly reduce operational costs. 

Bitso Business meets this demand with a blockchain-based payments infrastructure that enables real-time transfers, ensures liquidity, and operates within a robust regulatory framework across Latin America—facilitating multi-currency, multi-country operations from a single integration.

Learn more in:

• Move money across borders in real-time
• Stablecoins: The Key to Revolutionizing International Payments
• Transforming Latam Payments: Bitso's Stablecoin Solution
• Integrated Cross-Border Payment Solution

Banking giants and fintechs join the stablecoin gold rush

Major financial institutions like Bank of America, Standard Chartered, PayPal, Revolut, and Stripe are entering the stablecoin market to redefine cross-border payments. Their goal is to compete with established leaders such as Tether and Circle by leveraging blockchain technology for more efficient solutions. 

This move is backed by an increasingly favorable regulatory environment, reinforcing institutional confidence in digital assets. It signals that the future of global finance is being built on decentralized technology.

Read the full report here

Bitso launches MXNB, the mexican peso-pegged stablecoin 

Bitso Business introduced MXNB, a new stablecoin backed 1:1 by local currency reserves and issued by Juno, an independent startup. MXNB is designed to facilitate efficient, secure, and compliant digital and cross-border payments in Mexico. 

Built on Arbitrum, it leverages advanced blockchain technology to lower operating costs and speed up transactions, positioning it as a key solution for digital finance in emerging markets.

This launch positions Bitso Business as a strategic player in Latin America's financial digitalization, addressing the growing demand for stable, accessible, and locally-adapted payment methods. 

Learn more in:

Bitso Business lanza la stablecoin vinculada al peso mexicano para facilitar pagos transfronterizos

U.S. sees stablecoins as a strategic imperative

During a U.S. House Financial Services Committee hearing, experts like Stripe co-founder Patrick Collison emphasized the need to regulate stablecoins to maintain the U.S. dollar's global financial leadership. 

Collison argued that “ambiguity is the greatest inhibitor to adoption” in financial services, and that a clear regulatory framework would foster innovation and trust in digital assets. He also proposed key principles such as interoperability, transparency, and secure backing for future legislation.

This session highlighted how stablecoins can support the dollar’s role in the digital economy, particularly amid uncertainty around a potential U.S. central bank digital currency (CBDC).

Learn more in:

• America sees stablecoins as critical to US dollar dominance
  
• ‘Emerging Market Stablecoins’ Are Finding Product Market Fit

Africa bets on efficiency with new FX platform 

The Pan-African Payments and Settlement System (PAPSS) announced a new FX marketplace that enables direct exchange of local currencies, eliminating reliance on the U.S. dollar as an intermediary. 

This initiative aims to transform intra-African trade, enabling faster and more cost-effective transactions adapted to local realities. It also supports AfCFTA's goal of integrating the continent’s financial markets.

Read the full report here

Evolution in payroll services

Countries like Argentina, Uruguay, Chile, and Costa Rica are emerging as top destinations for remote work, according to the 2023 Global Remote Work Index. Companies are hiring remote professionals from Latin America for key roles in customer support, software development, HR, and tech—with competitive salaries.

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