Tether Dominates Brazil's Cryptocurrency Landscape, Holding 80% of Transactions

The cryptocurrency landscape in Brazil has recently undergone a significant transformation, with Tether (USDT) emerging as the dominant player. According to recent figures released by Brazils revenue service, USDT now fuels a substantial 80% of cryptocurrency transactions in Brazil. In Brazil, Tether transactions have totaled approximately $55 billion up to mid-October, surpassing Bitcoin, which accounted for roughly $30 billion. What sets Tether apart from other cryptocurrencies is its status as a stablecoin. Its value is intentionally maintained at a fixed rate, often mirroring...

source: https://tokenpost.com/Tether-Takes-the-Lead-in-Brazils-Cryptocurrency-Scene-as-Authorities-Tighten-Oversight-10901

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