BRAZIL RECORDS $6.9 BILLION IN CRYPTO PURCHASES IN Q1
The Central Bank of Brazil reports that Brazilians purchased $6.9 billion in crypto abroad during Q1 2026, more than doubling the figure from the same period last year.
Stablecoins drove the wave. Of the total volume, $6.8 billion (over 98%) came from stablecoin purchases, which have become a preferred rail for payments and remittances since they aren't subject to the financial taxes that apply to traditional currencies.
The data signals fast-growing crypto adoption in Latin America's largest economy, with stablecoins clearly leading the way as both a dollar-access tool and a cross-border payments layer.