Cryptocurrency inflows to Brazil up 60.7% in the first nine months of the year
Cryptocurrency inflows to Brazil grew by 60.7 per cent in the first nine months of 2024, surpassing the total inflows for the whole of 2023. According to Chainalysis, Brazil's cryptocurrency market is now the 10th largest in the world. One of the main reasons for the growth is the surge in the use of stablecoins within the country. US dollar-pegged digital assets account for nearly 70 per cent of all crypto-related transactions.
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