El Dorado, the stablecoin-powered SuperApp that is transforming international payments in Latin America, has just surpassed 1 million downloads and now has a community that is growing day by day.
These milestones mark a key moment not only for El Dorado, but also for the massive adoption of stablecoins in the region, driven in part by Arbitrum technology.
From day one, El Dorado's mission has been to bridge the gap between the traditional financial system and the digital economy. Today, that mission is accelerating—both on the blockchain and in real life.
A SuperApp built around stablecoins—and designed for LATAM
El Dorado connects stablecoins such as Tether (USDT) and MountainUSD (USDM) with more than 80 local financial apps in Venezuela, Brazil, Colombia, Peru, Bolivia, Argentina and Panama.
This makes it the fastest-growing P2P marketplace for stablecoins in the region—and a practical solution to hyperinflation, high costs of sending remittances, and banking barriers.
With more than 4 million P2P transactions in USDT, El Dorado is providing access to digital dollars that move easily across borders.
Tether + Arbitrum: Cheaper, Faster and More Accessible for LATAM
A key part of this success? El Dorado's alliance with the Arbitrum Foundation.
Thanks to Arbitrum's high-performance blockchain infrastructure, users can send and receive Tether (USDT) quickly and cheaply, even in high-demand and volatile markets.
With Arbitrum, El Dorado users benefit from:
- Lower fees when using USDT
- Faster transaction confirmations
- A scalable infrastructure to support growth
Building on Arbitrum isn't just about optimizing payments. It is opening financial access to those who have historically been excluded from the traditional banking system.
The most downloaded crypto app in Venezuela in 2024
In 2024, El Dorado became the most downloaded crypto app in Venezuela and ranked among the 5 most popular financial apps in the country.
Today, it has more than 36,000 reviews on the Play Store and continues to grow rapidly thanks to influencer marketing, word of mouth and educational content focused on the region.
With more than 1M downloads, El Dorado has established itself as a vital bridge to move from your local currency to digital dollars—with Arbitrum supporting that bridge.
What's next? Further boost the adoption of stablecoins
Looking ahead, El Dorado is stepping up efforts to accelerate the adoption of stablecoins in Latin America:
- More integrations with local banks and wallets
- New educational initiatives on stablecoins
- Increased support for Tether in Arbitrum, even for businesses and companies
This isn't just growth. It's a movement toward financial inclusion at scale—powered by Arbitrum and led by stablecoins like Tether.
