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Ola pessoal!
Rodrigo Trindade is an investor with Iporanga Ventures. He joins the show to discuss his groundbreaking research on local stablecoin adoption across Brazil and Latin America.
As both a venture investor and consultant in the region’s crypto ecosystem, Rodrigo identified a critical gap in the market: comprehensive, reliable data tracking the growth and usage of regional stablecoins.
He developed a tracking dashboard that monitors on-chain data for Latin American stablecoins on a weekly basis, capturing supply metrics, holder counts, active addresses, transaction volumes, and DeFi activity including TVL for local stablecoin pairs. This infrastructure now serves as the primary source of market intelligence for investors and builders operating in the space.
Our conversation explores why local currency stablecoins represent essential infrastructure for the region’s emerging on-chain financial system. While USD-denominated stablecoins will likely maintain global dominance, Rodrigo argues that functional on-chain economies in Latin America require native currency rails. Users need to transact, borrow, and generate yield in their local currencies—not just convert everything to dollars.
Key Takeaways:
Transparency gaps remain critical: The industry needs to move beyond monthly reserve attestations toward real-time proof of reserves. Rodrigo highlights partnerships like the one between Crown and Fact Finance as important steps toward better transparency standards.
Liquidity infrastructure is developing: While multiple liquidity providers and aggregators have emerged across Latin America, the market hasn’t reached maturity yet. Deeper liquidity pools remain necessary for sustainable growth.
Credit and yield are the next frontiers: Looking ahead to 2026-2027, Rodrigo identifies tokenized credit and on-chain yield products as the hottest opportunities. These building blocks will enable Latin American users to access the full spectrum of financial services on-chain.
Retail payments need refinement: While B2B crypto payment solutions have made progress, creating seamless consumer experiences for cross-border transactions and everyday payments remains an unsolved challenge.
Rodrigo’s research provides rare visibility into a rapidly evolving market. For investors, builders, and institutions exploring opportunities in Latin American crypto infrastructure, his dashboard and insights offer invaluable data-driven perspective on where the ecosystem stands and where it’s headed.
You can connect with Rodrigo on Linkedin and X/Twitter.
Have a great week everyone,
-AWS
Brazil Crypto Report is presented by
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