Jan. 4 at 12:59 AM
Brazil is a major global hub for cryptocurrency usage, ranking among the top ten markets worldwide, with nearly one-fifth of its population owning crypto, driven significantly by the popularity of dollar-pegged stablecoins used for savings, payments, and cheaper remittances due to local economic conditions and high crypto adoption rates. Brazil leads Latin America in crypto activity, with stablecoins making up a large majority of transactions, and the country has a dynamic ecosystem involving both retail users and large financial institutions.
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