Almost the entire Brazilian crypto market is now centered on digital dollar versions
Data from the Federal Revenue Service shows that stablecoins already account for about 80% of the cryptoasset volume declared in Brazil.
Between 2019 and 2025, approximately R$ 1,58 trillion was moved in crypto, with R$ 1,13 trillion occurring in stablecoins alone.
The share of these assets rose from 3.5% in 2019 to over 90% at some points in 2023, staying close to 80% in the most recent years.
USDT leads by a wide margin, accounting for about 88.7% of the total volume among stablecoins.
In addition to financial volume, the number of transactions also increased: there were more than 185 million declared transactions during the period.
Starting in 2026, these movements will be reported to the Revenue Service through DeCripto, bringing Brazil in line with the international OECD standard.
Data from the Federal Revenue Service shows that stablecoins already account for about 80% of the cryptoasset volume declared in Brazil.
Between 2019 and 2025, approximately R$ 1,58 trillion was moved in crypto, with R$ 1,13 trillion occurring in stablecoins alone.
The share of these assets rose from 3.5% in 2019 to over 90% at some points in 2023, staying close to 80% in the most recent years.
USDT leads by a wide margin, accounting for about 88.7% of the total volume among stablecoins.
In addition to financial volume, the number of transactions also increased: there were more than 185 million declared transactions during the period.
Starting in 2026, these movements will be reported to the Revenue Service through DeCripto, bringing Brazil in line with the international OECD standard.