🔶Brazilians turn to stablecoin transactions to protect against inflation
According to recent market data, 50% of Brazilian Real (BRL) transactions involve stablecoins, especially only 5% of Brazilian Real transactions directly involve the US dollar. In addition, BUSD and USDT are the most used stablecoins by Brazilians. Stablecoins are seen as an excellent way to protect savings from inflation. In June, the inflation rate rose to 9.704%, the highest in 2022.
According to recent market data, 50% of Brazilian Real (BRL) transactions involve stablecoins, especially only 5% of Brazilian Real transactions directly involve the US dollar. In addition, BUSD and USDT are the most used stablecoins by Brazilians. Stablecoins are seen as an excellent way to protect savings from inflation. In June, the inflation rate rose to 9.704%, the highest in 2022.