In 2023, Brazil’s revenue agency reported that Tether (USDT) accounted for 80% of all crypto transactions in the country. By mid-October, USDT transactions hit R$ 271 billion, or about $55 billion. Interestingly, this amount doubles Bitcoin’s transaction volume, which stands at R$ 151 billion or $30 billion. Stablecoins like USDT aim to hold a steady […]
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