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Why Brazilians Are Turning to Stablecoins Like Tether

Amid high inflation and a steady devaluation of the Brazilian real, locals tripled the traded volume of stablecoins in 2021.

Updated May 11, 2023, 4:11 p.m. Published Jan 12, 2022, 4:29 p.m.
Brazilians have almost tripled the use of stablecoins in 2021 (Mateus Campos Felipe/Unsplash)
Brazilians have almost tripled the use of stablecoins in 2021 (Mateus Campos Felipe/Unsplash)