According to recent data, Brazil has seen a significant increase in the adoption of Tether (USDT) in 2023, with the stablecoin now making up 80% of all cryptocurrency transactions in the country. This surge in popularity can be attributed to the growing interest in cryptocurrencies and the need for a stable store of value amidst economic uncertainty. USDT’s stability and low volatility have made it an attractive option for investors and traders looking to hedge against inflation and market fluctuations. As a result, Brazil has become one of the leading countries in terms of USDT adoption, with many businesses and individuals using the stablecoin for everyday transactions.
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