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Cryptocurrencies: 27289
Markets: 108940
Market Cap: $3,811,914,659,354     
24h Vol: $95,467,003,561
Bitcoin.com 2023-01-11 11:30:23

Brazilians Turn to Stablecoins as Alternative to US Dollar for Hedge Against Volatility

Brazilians Turn to Stablecoins as Alternative to US Dollar for Hedge Against Volatility
Brazilians are turning to stablecoins as a way of shielding themselves from the volatility of economic circumstances. This is happening now in the wake of the inauguration of the new government of Luis Inacio “Lula” Da Silva. According to statements coming from exchange executives, the trading volumes of stablecoins have soared in 2022, especially during
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