Cryptocurrency transactions in Brazil are made with stablecoins
More than 90% of cryptocurrency transactions in Brazil are made with stablecoins, according to the CryptoMKT platform
Stablecoins represent 90 % of cryptocurrency transactions in Brazil, becoming the preferred payment tool for those seeking speed and security amid the volatility of the traditional market.
This statement was recently made by Denise Cinelli, COO of CryptoMKT, emphasizing that currently, “9 out of 10 crypto transactions in Brazil are made with stablecoins, consolidating them as the preferred option for payments, investments, and protection against volatility.”
With this trend, Brazil is among the largest stablecoin markets in the world, “driven by the search for digital assets that maintain stability and security in a changing economic environment” by offering individuals and businesses trading in the cryptocurrencies USDT (Tether), USDC (USD Coin), and DAI.
Stablecoin transactions in Brazil are a way out of the inflation and volatility of the real, the local currency. Furthermore, it facilitates remittances and digital payments, in addition to allowing access to financial services for managing money.
M.Pino
Source: diariobitcoin
(Reference image source: Ewan Kennedy on Unsplash)
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