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.
Key Takeaways
- 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.
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.
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Published originally on CoinDesk
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