“Brazilian Firms Flock to Tether (USDT) and Bitcoin on Election Day to Hedge Real Volatilit” — what this page in the network covers. Brazilian companies turned to stablecoins and bitcoin in record numbers on election day, seeking shelter from a potential crash in the Brazilian real. On Mercado Bitcoin, one of the country’s largest exchanges, trading volume for Tether (USDT) soared nearly 800% compared to recent averages, while bi On Mercado Bitcoin, one of the country’s largest exchanges, trading volume for Tether (USDT) soared nearly 800% compared to recent averages, while bitcoin volume jumped 865%.
Binance’s USDT/BRL market tripled, even as the global BTC/USDT pair declined, underscoring a localized flight to digital dollars. The surge reflects deep uncertainty among businesses about the election outcome and its impact on fiscal policy and the currency. With the real historically volatile during political transitions, firms used stablecoins as a fast, liquid hedge without leaving crypto rails. This listing links straight to the original page, where the content is available in full.