Twin, a company that provides onchain financial infrastructure for emerging markets, presents COLt: a stablecoin in Colombian peso, issued and operational on blockchain. The launch occurs at a time of accelerated expansion of the Colombian crypto ecosystem, and positions Colombia as one of the reference markets in the construction of digital financial infrastructure in local currency for Latin America.
COLt is now available for Colombian users through Belothe first exchange to integrate Twin’s local currency stablecoin network. As a digital payment instrument denominated in Colombian pesos, COLt allows payments, transfers and settlements without exchange conversion, available 24 hours a day, 7 days a week.
The Colombian market: a mature ecosystem for infrastructure in local currency
Colombia is today one of the most active crypto markets in Latin America. According to the Chainalysis Global Adoption Index 2025, the country ranks 29th worldwide, and reached USD 44.2 billion in volume of cryptoassets received during 2025, an increase of more than 85% compared to the previous year. It is estimated that close to 5 million Colombians, approximately 10% of the population, already use digital assets.
In this context, stablecoins represent more than 70% of the crypto flow in the country. However, until now that market was dominated almost exclusively by dollar-denominated assets. The operational reality of Colombian people and companies is different: income, costs, payrolls, contracts and the vast majority of daily payments occur in pesos. Trading dollar stablecoins introduces permanent conversion friction. COLt solves that problem: it is a digital payment instrument denominated directly in the currency that Colombia already uses.
A regional network under construction
COLt is part of the network of seven stablecoins in local currency that Twin launched operationally in Latin America: ARGt (Argentine peso), BRAt (Brazilian real), COLt (Colombian peso), MEXt (Mexican peso), CHLt (Chilean peso), PERt (Peruvian sol) and BOLt (Bolivian). It is the first time that seven countries in the region simultaneously have a digital payment instrument in their own currency, issued on blockchain infrastructure.
«In Latin America, moving money between countries still depends on systems that close on weekends and take 48 hours to settle. A network of payment instruments in local currency, available 24/7, changes that equation completely,» says Rafael de Ambrosi, CEO of Twin.
COLt is designed to solve specific needs of people and companies:
- Payments in Colombian pesos without conversion to dollars.
- Payroll and supplier settlement on the same day, any day of the week.
- Payments between countries in the region without using the dollar as a bridge currency.
- Integration with real-time payment systems and entry and exit ramps to local currency.
A network of local currencies, interoperable from day one
Along with access to COLt, users of Belo They can exchange between all Twin stablecoins within the same application: Colombian pesos, Argentine pesos, Brazilian reals, Mexican pesos, Chilean and Bolivian pesos, all available for direct swap with each other. This means that, for the first time, a person in Colombia can convert their digital pesos to Brazilian reals or Mexican pesos in seconds, without using the dollar as a bridge currency and without leaving the app.
For those with business or family ties to other countries in the region, that functionality changes the cost and friction of moving money substantially. For companies with operations in more than one Latin American market, it opens up a regional settlement layer in local currency that simply did not exist before.
«The challenge in Latin America is not only to adopt the digitalized dollar. It is to build the region’s own infrastructure, so that the Colombian peso can move with the same efficiency as any other digital asset. That is what we are doing,» says Rafael de Ambrosi, CEO of Twin.
«The next leap in adoption in Latin America is not only about accessing digital dollars, but also about being able to operate more efficiently in the currencies that people and companies use every day. Integrating the Twin stablecoin network in Belo goes in that direction: offering more useful tools for payments, money movement and regional operation. In addition, by being compatible with the DeFi ecosystem, they open the possibility for users to access additional functionalities that only exist today for the digital dollar, such as the generation of yield in their own currency. local,” adds Manuel Beaudroit, CEO and co-founder of Belo.
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