Bybit: Stablecoin firms should chase $112B in LATAM remittances outside US–Mexico and build country-specific stacks; Western Union launches USDPT on Solana

Bybit CMO Claudia Wang said fintech and stablecoin firms are overly focused on the $61.8B US–Mexico corridor and should pursue the roughly $112B in other LATAM remittance flows (US–Central America and other pairs). She highlighted rising Central American flows tied to US immigration policy, underserved pairs like Venezuela–Colombia and Argentina–Bolivia, user preference to hold dollar‑pegged stablecoins, and competition from incumbents and crypto players (Western Union building USDPT, MoneyGram, Binance, Bitso, Strike, Felix Pago, banks, retailers). Wang argued winners will run country‑specific stacks (licenses, rails, stablecoins, marketing).
AI Analysis
Summary states there is a large underserved non‑US‑to‑Mexico LATAM remittance market (~$112B) and user behavior favors holding dollar‑pegged stablecoins; incumbents and crypto firms are competing and Bybit recommends country‑specific stacks — facts that are positive for stablecoin and payments firms but do not imply immediate market-moving events.