Aptos Foundation and Bitso Partnership Enhances Instant Stablecoin Transfers to Latin America

Business Insider

a day ago

Strategic partnership with Latin America's leading crypto company brings USDT and USDC to millions of users across fast-growing LatAm markets
Aptos Foundation and Bitso, the leading financial services company powered by crypto in Latin America, have announced a comprehensive partnership that aims to improve how money moves across the globe. The collaboration will enable Bitso's 9 million customers to access USDT and USDC on the Aptos network, while driving even more cross-border payment innovation, particularly in the high-volume U.S.-Mexico corridor.
Stablecoin adoption is accelerating across Latin America, driven primarily by practical, everyday use cases such as remittances, small business payments, and treasury management. According to Bitso's report, in the first half of 2025 alone, 46% of all transactions involved US dollar-pegged stablecoins—representing a 10% year-over-year increase and highlighting the growing demand for stable-value alternatives to volatile local currencies.
'Latin America is leading the stablecoin payments revolution and reshaping the potential of financial services. We're excited to be partnering with a market leader like Bitso that is perfectly positioned to accelerate growth across the region,' said Ash Pampati, head of ecosystem at Aptos Foundation. 'By bringing best-in-class stablecoin performance to the region, we're enabling practical everyday use cases that demonstrate the real-world value of blockchain technology.'
'Bitso's focus on making crypto useful for payments, their regional leadership and regulatory expertise make them an ideal partner to expand the availability of Aptos-native stablecoins to users in Latin America,' said Emilio Rivero Coello, who facilitated the partnership on behalf of the Foundation and leads payments at Aptos Labs, an important Aptos ecosystem partner. 'This partnership positions us to serve the increasingly important adoption happening across the U.S.—Mexico corridor, where millions of users need more efficient payment rails with near zero-fee, instant settlement capabilities.'
Bitso customers are also gaining access to APT, with plans to expand to full deposits and withdrawals over the Aptos network. Whether it's a family receiving small remittances from relatives in the U.S., a small business managing cross-border payroll, or a financial institution overseeing high-volume transfers, they will now be able to access sub-second transaction finality and near-zero gas fees.
'As we continue expanding our services across Latin America, partnering with high-performance blockchains like Aptos ensures our customers get access to the most advanced digital asset infrastructures and fastest-growing DeFi ecosystems available,' said Ben Reid, Head of Stablecoins at Bitso. 'Aptos is laying the framework for a truly global trading engine, centered on speed, low-cost and real-world scale. We're delighted to partner with them and extend those benefits to our millions of users around the world.'
This initiative builds on Aptos' integration by the world's largest stablecoin issuers, including USDT, USDC and USDe, expanding the network's role in global payments infrastructure. In total, the monthly stablecoin transfer volume on the Aptos network now sits at more than $50 billion, pointing to increasing global demand for faster, cheaper global payments. This partnership will continue increasing the transacted volume by expanding into fast-growing markets like Argentina, Colombia and Brazil.
Bitso's pioneering development of MXNB, the first Mexican Peso stablecoin, exemplifies the kind of localized innovation that Aptos Foundation believes is essential for global payment infrastructure. The partnership positions both organizations well to advance on-chain payment solutions that bridge local and international markets across Latin America.
About Aptos Foundation
Aptos Foundation is dedicated to supporting the development and ecosystem of the Aptos protocol. By unlocking a blockchain with seamless usability, Aptos Foundation aims to bring the benefits of decentralization to the masses. For more information about Aptos Foundation and its initiatives, users can visit: www.aptosfoundation.org
About Aptos Network
Aptos is a high-performance proof-of-stake layer-one blockchain. Aptos' breakthrough technology, scalable infrastructure and user safeguards are designed to power the next generation of financial systems by offering unparalleled high throughput and low latency that can scale to billions of users.
About Bitso
Bitso is the leading financial services company powered by crypto in Latin America, with a community of over 9 million customers. Bitso offers a secure, regulated, and easy-to-use platform to buy, sell, store, and transact with more than 100 cryptocurrencies.
Bitso Business is the B2B segment of the company, serving more than 1,900 institutional clients. It provides infrastructure for cross-border payments and stablecoin-based solutions that enable global companies to pay and receive payments instantly in local currencies, efficiently and transparently.
Founded in 2014, with more than 500 employees in 35 countries, Bitso works to make crypto useful, unlocking the power of secure, borderless, and easy-to-use financial products. The company remains committed to empowering the region by providing universal access to the digital economy of the future and enabling a fairer monetary system. For more information, visit bitso.com.
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