Latin America is the new growth base for stablecoins, says Marius Ciubotariu

Stablecoins have come under scrutiny in the developed markets following UST’s crash earlier this year, but Latin America could become the new growth base for the stablecoin market.

Hubble Protocol’s co-founder Marius Ciubotariu believes Latin America could provide the new growth base for stablecoins. His comments come as stablecoins face increased scrutiny in the developed markets since the start of the year.

Marius Ciubotariu told Coinjournal that;

“Cryptocurrency in Latin America is alive and well. In fact, the region is poised to be the next biggest growth market for stablecoins – bigger than anything we have seen in the US to date. Latin America is currently facing unprecedented economic challenges, with record-breaking inflation posing an existential threat to many of its citizens. Many are reliant on remittances from abroad; however, these transfers attract high fees, particularly for the huge swath