According to Bitcoin.com, stablecoin adoption in Brazil has surged as users seek to avoid the increased Financial Transaction Tax (IOF), which rose from 1.1% to 3.5% earlier this year. Exchanges like Biscoint reported a 78% growth in stablecoin trading volumes from 2024 to 2025, with total turnover rising from $9.84 billion to $13.74 billion. Bitybank also noted a 36% increase in stablecoin trading between June and July. The Central Bank of Brazil is preparing regulations to address stablecoins in international payments, acknowledging the need for clarity on tax treatment.
Stablecoin Adoption Surges in Brazil Amid Tax Hike on Foreign Transactions
Bitcoin.comShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.