An Argentine who held the equivalent of $10,000 in pesos from 2016 to 2026 ended up with approximately $114 in US-dollar value, a nearly 99% loss that explains why the dollar has become embedded in everyday financial life across Latin America. The Exodus Economy report from BeInCrypto Intelligence describes this as bottom-up dollarization, with workers receiving salaries in stablecoins and businesses using digital dollars for operations. Bitso’s tracked stablecoin corridor reached an annualized $31.5 billion in 2026, and 99% of stablecoin withdrawals are reused within 30 days, indicating usage more similar to a payment network than a savings vault. BeInCrypto’s audit of 12 dollar-account products available to Latin American customers found that only two place customer balances in insured US bank deposits while five use stablecoins, with widely varying legal protections. Reza Bundy, CEO of Atlas Capital Team, emphasizes that nominal dollar exposure does not guarantee preservation of real purchasing power, and that stablecoins, bank deposits, Treasury bonds and US equities each carry distinct risks related to US inflation, issuer exposure and liquidity.
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