Data from the Brazilian tax authority shows that stablecoins account for 90% of the volume of Crypto Assets transactions in Brazil.

According to Golden Finance reports, during the technical presentation at the Blockchain conference in Brazil, Flávio Correa Prado, an auditor from the Federal Revenue of Brazil, revealed that the reported Crypto Assets transaction volume has reached between 6 billion and 8 billion dollars per month based on existing regulations. He stated that if the current trend continues, this figure could rise to $9 billion per month by 2030. Most of the trading volume comes from stablecoins like USDT and USDC, with stablecoin trading volume sometimes accounting for 90% of all reported trading volume in certain months. Bitcoin once dominated the market, but as the country's acceptance of stablecoins has increased, Bitcoin has become a secondary player.