Brazil adopts crypto as legal mode of payment
A few weeks ago, we announced that Tether would be made available at 24,000 ATMs across the Latin-American country.
The Chamber of Deputies took another step to massive adoption in the nation by implementing a new legal framework that allows citizens to use cryptocurrencies as payment for goods and services. But they have yet to be considered legal tenders.
According to date from Triple A, 7.8% of the population own crypto, with a major interest in stablecoins, as the local currency tends to be very volatile. Indeed, in 2021, more $11.4 billion in stablecoins were traded.
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