In parts of Latin America, stablecoins aren’t really being treated as “crypto” anymore — they’re becoming a practical alternative to local currencies. For DeFi, this is a much bigger deal than it looks. If more people in Latin America start holding stablecoins instead of local currencies, they’ll eventually need somewhere to save, borrow, swap, earn yield, send money and manage liquidity around those dollars. That creates a much broader base of real demand for DeFi — not from crypto traders, but from people simply trying to use a more stable form of money.