CoinDesk

Brazilian companies turned to stablecoins on election day to dodge a currency crash

USDT volume on crypto exchange Mercado Bitcoin jumped nearly 800% and bitcoin volume surged 865%. Binance’s USDT/BRL market tripled while the global BTC/USDT pair fell.

By CoinDesk

1 min read
Brazilian companies turned to stablecoins on election day to dodge a currency crash
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