Brazil's Stablecoins Dominate Crypto Trading Volume

Brazilian tax data show that stablecoins accounted for roughly 80% of the total value of crypto‑asset transactions reported to the Receita Federal in 2025. Between August 2019 and December 2025, about R$ 1.58 trillion in crypto trades were declared, of which R$ 1.13 trillion (71.7%) involved stablecoins. The USDT token led the segment, representing 88.7% of stablecoin volume – roughly R$ 1 trillion – while USDC and the real‑pegged BRZ held 7.1% and 3.4% respectively. November 2025 recorded the highest monthly stablecoin turnover at R$ 39.7 billion and 18.2 million individual operations, part of a cumulative 185.7 million stablecoin trades over the period.

The government will launch the DeCripto platform in July, obligating exchanges and service providers to report transactions using the OECD’s Crypto‑Asset Reporting Framework (CARF). The move aims to strengthen oversight, improve tax collection and combat money‑laundering and illicit financing as stablecoins become the primary vehicle for payments, remittances and asset protection in Brazil.