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MarketPublished by KAS Watch · October 28, 2026

Brazilian firms used stablecoins on election day to dodge currency crash

USDT volume on crypto exchange Mercado Bitcoin jumped nearly 800% while bitcoin volume surged 865%. Binance’s USDT/BRL market tripled as the global BTC/USDT pair fell.

Why it matters for the market

This highlights regional demand shifts toward stablecoins during political events, though direct market correlations remain purely observational.

Original source

CoinDesk
Source publication · October 27, 2026 · 1 verified source
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BrazilstablecoinsUSDTMercado BitcoinBinancemarket
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