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"How Stablecoins Are Dollarizing Brazil’s Economy 💵🇧🇷" Stablecoins have exploded in popularity in recent years along with the wider digital asset market. Notably, the stablecoin market is gaining prominence in emerging economies, such as Brazil and other Latin American countries. Notably, Dollar Tether, USD Coin and other stablecoins are promoting a kind of silent dollarization in the Brazilian economy. Statistics on the adoption of stablecoins in the region reveal a growing interest in dollar-backed tokens. Brazil and hyperinflation Brazil and Latin American countries in general have a long history of inflationary crises. The country experienced several decades of high inflation and hyperinflation during the 20th century. Because of this, investment in real estate, gold and dollars became popular over time. Brazil’s economic situation was stabilized by the Real Plan, which was implemented in 1994. However, the risk of hyperinflation has once again plagued the Brazilian economy. In just one year, the Brazilian real fell by around 25% against the US dollar. #Blockchain #defi #Web3支付 #CryptoAdoption2025 #DigitalCurrency
"How Stablecoins Are Dollarizing Brazil’s Economy 💵🇧🇷"

Stablecoins have exploded in popularity in recent years along with the wider digital asset market. Notably, the stablecoin market is gaining prominence in emerging economies, such as Brazil and other Latin American countries.

Notably, Dollar Tether, USD Coin and other stablecoins are promoting a kind of silent dollarization in the Brazilian economy. Statistics on the adoption of stablecoins in the region reveal a growing interest in dollar-backed tokens.

Brazil and hyperinflation
Brazil and Latin American countries in general have a long history of inflationary crises. The country experienced several decades of high inflation and hyperinflation during the 20th century.

Because of this, investment in real estate, gold and dollars became popular over time. Brazil’s economic situation was stabilized by the Real Plan, which was implemented in 1994.

However, the risk of hyperinflation has once again plagued the Brazilian economy. In just one year, the Brazilian real fell by around 25% against the US dollar.

#Blockchain #defi #Web3支付 #CryptoAdoption2025 #DigitalCurrency
"ECB Urged to Fast-Track Digital Euro Amid Trump’s Stablecoin Push 💶🚀" ECB board member Piero Cipollone said the European Central Bank (ECB) must accelerate efforts to launch a digital euro in response to President Donald Trump’s push to promote dollar-backed stablecoins globally, Reuters reported on Jan. 24. Cipollone made the statement while speaking at a conference in Frankfurt, where he also claimed that stablecoins pose a growing threat to traditional banking and monetary systems. Trump’s executive order, issued on Jan. 23, laid out a strategy to promote the “development and growth of lawful and legitimate dollar-backed stablecoins worldwide.” Additionally, it prohibits federal agencies from advancing plans related to a central bank digital currency (CBDC). “I guess the key word here is worldwide. This solution, you all know, further disintermediates banks as they lose fees, they lose clients… That’s why we need a digital euro.” Stablecoins are tokens backed by real-world assets. This sector’s most significant tokens by market cap are pegged to the US dollar. Based on Artemis data, the total stablecoin market cap has surpassed $211 billion, a 4.2% increase over the past 30 days. Meanwhile, as of Jan. 24, the monthly transaction volume for stablecoins was over $6 trillion. #blockchain #TRUMP #Web3支付 #fintech #CryptoRegulationBattle
"ECB Urged to Fast-Track Digital Euro Amid Trump’s Stablecoin Push 💶🚀"

ECB board member Piero Cipollone said the European Central Bank (ECB) must accelerate efforts to launch a digital euro in response to President Donald Trump’s push to promote dollar-backed stablecoins globally, Reuters reported on Jan. 24.

Cipollone made the statement while speaking at a conference in Frankfurt, where he also claimed that stablecoins pose a growing threat to traditional banking and monetary systems.

Trump’s executive order, issued on Jan. 23, laid out a strategy to promote the “development and growth of lawful and legitimate dollar-backed stablecoins worldwide.” Additionally, it prohibits federal agencies from advancing plans related to a central bank digital currency (CBDC).

“I guess the key word here is worldwide. This solution, you all know, further disintermediates banks as they lose fees, they lose clients… That’s why we need a digital euro.”

Stablecoins are tokens backed by real-world assets. This sector’s most significant tokens by market cap are pegged to the US dollar.

Based on Artemis data, the total stablecoin market cap has surpassed $211 billion, a 4.2% increase over the past 30 days. Meanwhile, as of Jan. 24, the monthly transaction volume for stablecoins was over $6 trillion.

#blockchain #TRUMP #Web3支付 #fintech #CryptoRegulationBattle
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