Brazilian Tax Authority Recognizes the Rapid Growth of Stablecoin Trading

The Brazilian Tax Authority Recognizes Soaring Stablecoin Trading as Tether's USDT Leads the Way. The Brazilian Tax Authority (RBF) has released a statement acknowledging the remarkable surge in stablecoin trading within the country's cryptocurrency market.
Tether's USDT, in particular, has stood out as the most transacted stablecoin, accounting for over 271 billion reals, equivalent to nearly $54 billion, since the tax authority began recording these transactions in 2019. KEEP READING