Brazil’s Receita Federal has noted a sharp increase in the use of stablecoins in the country, particularly Tether (USDT).
Stablecoin news: Tether (USDT) usage dominates in Brazil
According to reports from Receita Federal, Brazil’s tax agency, there has been a meteoric rise in the use of stablecoins in the country. In particular, Tether (USDT) seems to be dominating the scene.
As stablecoins ou moedas estáveis na tradução literal, ao contrário de outros criptoativos, costumam manter paridade com alguma moeda fiduciária, com uma cesta de moedas ou com outros ativos como commodities, o que amplia a possibilidade de sua utilização como meio de pagamento
— Receita Federal (@ReceitaFederal) October 25, 2023
Specifically, this assertion stems from the findings of the Internal Revenue Service, which has been conducting monthly surveys since 2019.
And indeed, it seems that during the period observed by the tax authorities, Tether (USDT) was traded at a cumulative level
We współpracy z: https://en.cryptonomist.ch/2023/10/31/stablecoin-news-tether-usdt-brazil/
