Brazil's USDT adoption soars in 2023, makes up 80% of all crypto transactions.

Tether's USDT stablecoin is gaining popularity in Brazil, with over 80% of all crypto transactions in the country now involving USDT.

As of mid-October, $USDT transactions in Brazil this year amounted to $271 billion Brazilian reais (~$55 billion), almost double the volume of Bitcoin $BTC transactions in the country, which were $151 billion reais (~$30 billion).

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