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Brazil Crypto Market: Stablecoins Dominate 90% of Trading Volume According to Tax Data

Recent data from Brazil's Federal Revenue Service reveals stablecoins account for 90% of the country's cryptocurrency trading volume. The tax authority's statistics demonstrate the overwhelming dominance of dollar-pegged digital assets in Brazilian crypto markets. This trend highlights Brazilian investors' preference for stable-value cryptocurrencies amid market volatility. The regulatory data provides crucial insights into South America's largest cryptocurrency economy and its adoption patterns.
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