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Brazilian companies turned to stablecoins on election day to dodge a currency crash

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 27/10/2026, 17:10:24 UTC.

Briefings

Brazilian companies used stablecoins like USDT to avoid a currency crash on election day, causing a 800% surge in USDT volume on Mercado Bitcoin and a 865% jump in Bitcoin volume. Binance's USDT/BRL market tripled while the global BTC/USDT pair fell.

Key points

• Brazilian companies utilized stablecoins such as USDT to prevent a currency crash on election day.
• USDT volume on Mercado Bitcoin increased nearly 800%, while Bitcoin volume surged 865%.

Context

This finding highlights a strategic financial move by Brazilian entities to hedge against potential currency devaluation during a critical political period.

Limitations

Data reflects only USDT and Bitcoin activity on Mercado Bitcoin; broader stablecoin usage or other exchange volumes remain unmeasured.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 27/10/2026, 17:11:45 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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