El Dorado, the Stablecoin-Powered SuperApp transforming cross-border payments in Latin America, has recently crossed 1 million downloads and now serves a growing community of over 1,000,000 users. These milestones mark a pivotal moment not just for El Dorado, but for stablecoin adoption at scale across Latin America—powered in part by Arbitrum technology.

From day one, El Dorado’s mission has been to bridge the gap between traditional financial systems and the digital economy. Today, that mission is accelerating—on-chain and in real life.

A SuperApp Built Around Stablecoins—and Built for LATAM

El Dorado connects stablecoins like Tether (USDT) and MountainUSD (USDM) to more than 80 local finance apps across Argentina, Bolivia, Brazil, Colombia, Panama, Peru, and Venezuela . This makes it the region’s fastest-growing P2P stablecoin marketplace—and a practical solution to hyperinflation, remittance fees, and banking barriers.

By powering over 4 million USDT peer-to-peer transactions, El Dorado is giving Latin Americans access to digital dollars that are, mobile, and borderless.

Tether + Arbitrum: Cheaper, Faster, and More Accessible for LATAM

A key part of this success? El Dorado’s relationship with the Arbitrum Foundation. By integrating Arbitrum’s high-performance blockchain infrastructure, El Dorado is helping users send and receive Tether (USDT) quickly and affordably—even in high-volume, high-volatility markets.

Thanks to Arbitrum, El Dorado users benefit from:

• Lower fees when transacting with USDT
• Faster transaction confirmations
• A scalable infrastructure that supports growing demand

Building on Arbitrum is not just about optimizing payments. It’s about creating financial access for people who’ve historically been excluded from legacy banking systems.

Venezuela’s Most Downloaded Crypto App in 2024

In 2024, El Dorado became the #1 crypto app in Venezuela and ranked among the Top 5 finance apps nationwide. It now holds 36,000+ reviews on the Google Play Store and continues to grow rapidly through influencer marketing, word of mouth, and educational content tailored to the region.

With 1M+ downloads and 1,000,000+ users, El Dorado has emerged as a vital bridge between local currencies and digital dollars—and Arbitrum is at the heart of that bridge.

What’s Next: Pushing Stablecoin Adoption Further

Looking ahead, El Dorado is doubling down on stablecoin adoption across LATAM:

• More integrations with local banks and wallets
• New educational initiatives for stablecoin literacy
• Expanded support for Tether on Arbitrum, including for merchants and businesses

This is not just growth. It’s a movement toward financial inclusion at scale—powered by Arbitrum, and driven by stablecoins like Tether.

About El Dorado

El Dorado is Latin America’s leading Stablecoin-Powered SuperApp, enabling seamless P2P, merchant, and cross-border transactions with stablecoins like USDT and USDM. Operating across Argentina, Venezuela, Brazil, Colombia, Panama, Peru, and Bolivia, El Dorado empowers users with a simple, fast, and inclusive financial experience—integrated with the best of blockchain infrastructure.

About Alessandro Cecere

Alessandro Cecere (El Sultán Bitcoin) is a Venezuelan entrepreneur and CMO of El Dorado, driving stablecoin adoption in LATAM. Formerly at Ledn and Luxor, with 10+ years building in crypto and fintech.