New! Sigma Rolls Out Stablecoin Payroll Across LATAM's $415B Crypto Market
USDC payroll now live across LATAM - enabling instant, dollar-based payouts and dramatically reducing transfer costs.
GLOBAL, July 21, 2025 - Sigma launched instant USDC stablecoin payroll across Latin America, eliminating $65+ traditional banking fees and 48-hour payment delays for businesses hiring remote contractors.
The launch targets Latin America's $415 billion crypto market - representing 9.1% of global crypto activity - where 60% of workers remain unbanked but 3 million users already hold USDC through platforms like Lemon.
Traditional Banking Costs Businesses $1,950+ Per Contractor Annually
- SWIFT transfers to LATAM average $65+ per transaction with 48-hour delays
- Traditional remittances cost 1.5-2.9% in fees plus extended processing times
- Stablecoins settle in seconds for $0.01-$1 per transaction
"Banking infrastructure hasn't caught up to Latin America's digital-first workforce," said Kevin Jaspal, CEO of Sigma. "While Lemon saw 61% growth in USDC holdings across Argentina, Peru, and Brazil, businesses still lose thousands per contractor on outdated payment rails."
USDC Stablecoin Infrastructure Delivers 24/7 Settlement
Sigma's USDC payroll leverages Circle's regulated stablecoin with $60+ billion in circulation and 1,000+ institutional partnerships.
The solution provides:
- Instant settlement: 24/7 payment processing vs. banking business hours
- 99% fee reduction: $0.01-$1 blockchain fees vs. 1.5-2.9% SWIFT charges
- 20% higher contractor satisfaction: PWC research shows crypto payroll improves retention rates
- 5-minute onboarding: WhatsApp/Telegram contractor setup vs. week-long bank account verification
Strategic Timing Captures $160.9 Billion LATAM Remittance Market
Latin America's remittance market hit $160.9 billion in 2024, representing up to 26% of GDP in countries like El Salvador and Guatemala.
Mexico's Bitso reports 68% of crypto remittance users prefer stablecoins for speed and cost savings.
Regulatory tailwinds create ideal timing:
- El Salvador's Bitcoin adoption
- Panama's crypto framework
- Argentina's inflation-driven USD demand
These shifts pave the way for mass stablecoin payroll adoption across LATAM.
Market Expansion Targets Colombia, Peru, Chile by Q3 2025
Sigma will expand stablecoin payroll to Colombia, Peru, and Chile by Q3 2025, alongside:
- AI-powered compliance automation
- Contractor classification
- Regional tax reporting across 12 LATAM countries
About Sigma
Sigma helps businesses pay contractors and vendors globally with modern payout rails, faster onboarding, and compliance-first operations built for scale. With infrastructure across 160+ countries, teams can eliminate FX markups, reduce payment failures, and stay compliant - without needing a dedicated finance team.
Ready to scale global payouts?
Media Contact
For media inquiries, interviews, or press kit requests, please contact our media team:
We typically respond to media inquiries within 2-4 hours during business hours.
