Chilean Central Bank examines digital payments and stablecoin regulation

The Central Bank of Chile is addressing the evolving landscape of digital payments and the integration of stablecoins into the financial system. According to the bank's August 2026 Payment Systems Report, digital payments in Chile have increased, with individuals over 15 years old performing an average of 435 digital transactions annually—a 15% rise from previous measurements.

While debit cards remain the most common method for larger purchases due to immediate balance constraints, the rise of digital assets presents new opportunities and risks. In Latin America, crypto activity reached US$593.8 billion, with stablecoins representing a significant portion of cross-border value transfers and peer-to-peer activity.

To manage this transition, the Central Bank of Chile has prioritized the development of a regulatory framework for local stablecoins. A first regulatory proposal for assets intended for use as payment methods is expected to be published by the end of 2026.