Brazilian companies turned to stablecoins on election day to dodge a currency crash
USDT volume on crypto exchange Mercado Bitcoin jumped nearly 800% and bitcoin volume surged 865%. Binance’s USDT/BRL market tripled while the global BTC/USDT pair fell.
USDT volume on crypto exchange Mercado Bitcoin jumped nearly 800% and bitcoin volume surged 865%. Binance’s USDT/BRL market tripled while the global BTC/USDT pair fell.
Related market data
- BTC: price 80,591.9, 24h 0.47%, funding 0.0013%/h, OI $3.47B
Read the full story at coindesk.com: https://www.coindesk.com/business/2026/10/27/brazilian-companies-turned-to-stablecoins-on-election-day-to-dodge-a-currency-crash