In a technical presentation at the Brazilian Blockchain Conference, Flavio Correa Prado, auditor of the Brazilian Federal Tax Agency, revealed that the volume of cryptocurrency transactions reported under existing rules has reached 6 billion to 8 billion dollars per month.
If current trends continue, this could rise to $9 billion a month by 2030, he said. Most of this trading comes from stablecoins such as USDT and USDC, which in some months account for as much as 90 per cent of all reported transactions. Bitcoin once dominated, but as the country's acceptance of stablecoins has grown, it has fallen to a secondary role.
Brazilian Tax Agency data shows that stablecoins account for 90% of Brazilian cryptocurrency transactions.
2025-11-30 17:10:01
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