LATAM crypto news: El Salvador doubles down on Bitcoin as Argentina leads lithium tokenization
2025-07-13 13:15:58
Main Idea
Latin America's crypto scene is evolving with El Salvador increasing its Bitcoin holdings despite IMF criticism, and Argentina leading in lithium tokenization, while USDC expands its B2B reach in Brazil.
Key Points
1. El Salvador's Bitcoin holdings have surpassed $722 million, reaching a peak of $726 million, despite IMF urging the country to reduce BTC purchases for a $1.4 billion loan agreement.
2. Argentina is pioneering lithium tokenization through a collaboration between Paraguayan firm Atómico3 and Taiwan’s Hua Lian Mining, marking a significant step in combining traditional resources with blockchain.
3. USDC has partnered with HiFi Bridge to facilitate cross-border B2B transfers between the US, Brazil, and Hong Kong, following a similar initiative with Brazilian fintech Matera in June.
4. The worldwide B2B payments sector generated over $905 billion, with the US contributing $160 billion to Latin America, and Brazil receiving $330 million in remittances in May 2025.
5. Visa has entered the B2B payments space with Kob Visa, reporting 30x transaction growth and estimating an $85 trillion B2B market, while Brazil’s digital currency experiment, Drex, shows promise.
Description
Latin America’s crypto scene continues to evolve, with new products and regional expansions highlighting its rapid growth. This week’s most notable news is that Bitcoin has reached a new all-time high, trading above $116,000, which has pushed El Salvador’s holdings to over $722 million, peaking at $726 million at one point. Argentina, on the other hand, continues to move forward with its plans to tokenise assets such as lithium reserves in San Juan, using the Cardano blockchain. El Salvador doub...
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