
Ask who is winning crypto in South America, and many people will say bitcoin. Brazil's tax data says otherwise. In 2025, stablecoins made up 80.2% of all crypto volume declared there, and USDT alone was 72%.
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Ask who is winning crypto in South America, and many people will say bitcoin. Brazil's tax data says otherwise. In 2025, stablecoins made up 80.2% of all crypto volume declared there, and USDT alone was 72%.







