2026-01-15 06:25:00

Brazilian regulators recently updated the crypto asset declaration data (latest disclosure in September), after a pause of about three months. This data reveals several interesting signals — a total of 4.58 million individuals and 92,000 enterprises participated in crypto transaction declarations that month. Although this is a decline compared to August, the level of participation remains quite significant.

Looking at the transaction structure, the status of stablecoins remains unshakable. USDT leads with approximately 15.7 billion reais in trading volume, nearly six times the roughly 2.46 billion reais in Bitcoin trading volume. What does this indicate? In actual trading, user demand for stablecoins far exceeds expectations — whether as a hedging tool or trading counterpart, the practicality of stablecoins has deeply penetrated the crypto ecosystem in South America. While Bitcoin, as a flagship asset, receives considerable attention, its share in daily trading activities is relatively small. This contrast warrants careful consideration from market participants.

BTC1.75%

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MEVHunterLucky

· 4h ago

Stablecoins are six times more dominant than BTC, this data is really incredible... Are they already using USDT as fiat currency over in South America?

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fork_in_the_road

· 4h ago

Stablecoins outperform BTC by six times; this data is incredible... It seems everyone still trusts things that can be cashed out.

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SadMoneyMeow

· 4h ago

Stablecoins are crushing Bitcoin by 6 times, which is a bit of a reality check for the South American market... --- 4.58 million people are still playing, it seems Brazilians still have ideas about the crypto world --- USDT dominates with 15.7 billion reais, while BTC is only 2.46 billion? That gap... Bitcoin's position isn't as solid as you might think --- Basically, stablecoins are more practical, and Bitcoin is just more worth telling stories about --- No data update for three months, such interruptions are annoying for anyone, but at least they have started disclosing again --- Is South America's trading behavior so pragmatic? All using USDT for hedging, is it really just speculation? --- What does a sixfold gap indicate? The public just wants to cash out, no one truly believes in Bitcoin --- Has participation declined? 4.58 million is still declining? Brazil's market size is just too big

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