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Cryptocurrency Transactions’ Volumes Spike Nearly 25% in Brazil

Cryptocurrency Transactions in Brazil Soar to Record Highs

The volume of cryptocurrency transactions in Brazil has yet again registered record numbers. According to figures offered by the Brazilian IRS equivalent, volumes grew 24.2% compared to last year, reaching over $43.5 billion between January and September 2024. Stablecoin volumes were significant, with Tether’s USDT leading the charge. The leading stablecoin registered volumes of $27.4 billion, accounting for 62% of all the volumes traded during the same period. Most of these numbers were reported by cryptocurrency exchanges to the organization, while international brokers and individuals also reported a minority of these operations.

Source: Bitcoin

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