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Business / General

Brazilian companies turned to stablecoins on election day to dodge a currency crash

Source: coinDesk October 27, 2026 · 09:59
Brazilian companies turned to stablecoins on election day to dodge a currency crash
From the publisher
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.
About the source

CoinDesk

CoinDesk is an American news site specializing in bitcoin and digital currencies. Founded by Shakil Khan, the firm also provides guides to bitcoin for those new to digital currencies.

Wikipedia
Wikidata Q18348227
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About Brazil

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Capital
Brasilia
Region
Latin America & Caribbean
Income level
Upper middle income
ISO code
BRA
Data: World Bank
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