90% of Peru's $28 Billion Crypto Market Is Now Driven by Stablecoins

"According to Binance's Latam North General Manager, Daniel Acosta, stablecoins now account for up to 90% of the $28 billion in annual volumes transacted in the Peruvian crypto market. Acosta stressed that the driving use cases for stablecoins in Peru were cross-border payments and remittances. WRITTEN BY Sergio GoschenkoPublished: May 10, 2026, 12:30 AM Binance's Daniel Acosta notes 90% of Peru's $28B annual crypto volume now involves dollar-pegged stablecoins."

"For Acosta, one of the driving forces behind this high level of adoption is the use of these as a dollar proxy for remittances and cross-border payments, as these benefit from the removal of middlemen, reducing costs and increasing the efficiency of these processes. The average cost of sending remittances in Peru is 6.6%. With stablecoins, it drops to less than 0.5%. This represents annual savings of between $180 and $420 for a family."

"Stablecoins have become one of the top use cases for cryptocurrency, with a more pronounced use in regions facing difficulties accessing regular dollars and economic hardships. Daniel Acosta, Latam North General Manager at Binance, recently commented about the relevance of these digital assets in the country, stressing that they were involved in the majority of the crypto transactions originating in Peru."

"We are not talking about speculation; we are talking about a real impact on people's lives, he assessed, reiterating the advantages of using stablecoins versus"

Dollar-pegged stablecoins account for up to 90% of Peru’s $28 billion annual crypto transaction volume. The main use cases are cross-border payments and remittances, where stablecoins act as a dollar proxy. Stablecoin transfers reduce reliance on middlemen, lowering costs and improving efficiency. The average remittance cost in Peru is 6.6%, while stablecoin-based transfers drop costs to less than 0.5%. This translates into annual savings of roughly $180 to $420 for a family. Stablecoins are presented as having real impacts on everyday financial outcomes rather than being primarily speculative.

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