Tether Dominates Brazil's Crypto Transactions, Striking Bitcoin
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Tether Dominates Brazil's Crypto Transactions, Striking Bitcoin

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8 months ago

Stablecoin Tether (USDT) has acquired significant traction in Brazil. Tether dominates Brazil's crypto transactions, striking Bitcoin

Tether Dominates Brazil's Crypto Transactions, Striking Bitcoin

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Tether Dominates Brazil’s Crypto Market Transactions

Stablecoin Tether (USDT) has acquired significant traction in Brazil. It represents 80% of the country’s cryptocurrency transactions.
USDT transactions in Brazil reached $271 billion Brazilian reais, surpassing Bitcoin transactions. Brazil’s revenue service firm uses advanced AI-based tracking to monitor crypto activities and recently charged taxes on overseas crypto investments.
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