• In February 2026, Stable Sea announced a partnership with dLocal to power low-cost, high-speed stablecoin-based B2B cross-border payments across more than 40 countries, using dLocal’s local payout rails.
• This collaboration highlights how dLocal is deepening its role in emerging-market payment infrastructure by combining its local rails with stablecoin settlement for large-ticket international transactions.
• Next, we’ll explore how integrating stablecoin rails into its cross-border platform could influence dLocal’s investment narrative and long-term growth drivers.

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DLocal Investment Narrative Recap

To own dLocal, you need to believe it can stay central to emerging market payments while broadening beyond a few large global merchants. The Stable Sea partnership reinforces the short term catalyst of product expansion in cross border payments, but it does not directly reduce revenue concentration risk, which remains the most important vulnerability if key clients slow volumes or leave.

Among recent developments, dLocal’s push into stablecoin on and off ramps is most relevant here, because it shows the company trying to align with the same technology shift that could otherwise disrupt its fee model. If these newer rails gain traction, they could support transaction growth and diversify use cases, but they also increase the importance of managing regulatory and compliance risk around digital assets.

Yet behind the appeal of faster, cheaper stablecoin payments, investors still need to weigh the concentration risk that...

DLocal's narrative projects $1.7 billion revenue and $346.3 million earnings by 2028. This requires 25.7% yearly revenue growth and about a $200 million earnings increase from $145.9 million today.

Uncover how DLocal's forecasts yield a $17.85 fair value, a 42% upside to its current price.

Exploring Other Perspectives

You might see this Stable Sea deal as an answer to tech disruption risk, but the most pessimistic analysts still assume only 17.9% revenue growth and US$291.6 million of earnings by 2028, so it is worth comparing how their concerns about digital currencies and regulation stack up against your own expectations.

Explore 19 other fair value estimates on DLocal - why the stock might be a potential multi-bagger!

Form Your Own Verdict

Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

• A great starting point for your DLocal research is our analysis highlighting 4 key rewards that could impact your investment decision.
• Our free DLocal research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate DLocal's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.