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