Brazil reports stablecoin boom as USDT trading volume surpasses all other digital assets combined
Brazil’s Receita Federal — the Special Department of Federal Revenue — has recently reported a substantial increase in the usage of stablecoins, specifically Tether’s USDT. According to the regulator’s report, the volume of USDT exceeded the combined trading volume of all other cryptocurrencies in 2022. Stablecoins make up roughly 10% of the global trading volume...