**Brazil Considers Stablecoin Ban, Sparking Decentralization Shift**

Brazil's central bank, Banco Central do Brasil (BCB), has proposed banning stablecoin transactions to self-custodial wallets, like MetaMask, as stablecoin use rises amid a declining Brazilian real. The move aims to curb transactions outside regulated platforms, but experts predict a shift towards decentralized solutions if enforced. While the ban could slow crypto adoption, existing users may pivot to peer-to-peer (P2P) and decentralized platforms. Tether's CEO emphasizes collaboration with Brazilian authorities to balance innovation and consumer protection. Public consultations on the proposal conclude in February.