ChainThink reports that, according to a statistical report from Brazil's Central Bank released on July 31, the total amount spent on cryptocurrency assets in Brazil during the first half of 2026 reached $14.68 billion, a 135% increase compared to $6.24 billion in the same period of 2025.
Among these, stablecoin demand accounts for over 90%. In May 2026, Brazil's stablecoin purchases reached $2.632 billion, a 158% year-over-year increase, with USD-pegged stablecoins having become the primary tool for local payments and cross-border settlements.
Fernando Rocha, head of the statistical department at Brazil’s central bank, said the data indicates that Brazil’s crypto market is moving toward maturity and consolidation.
On the regulatory front, Brazil's central bank has decided to classify virtual asset service providers as Category III institutions, requiring them to comply with the same regulatory standards as securities brokers; the new framework will take effect in January 2027.
Previously, a proposal by the Brazilian government to impose a 3.5% tax on stablecoin transactions was put on hold due to the upcoming presidential election.