The stablecoin market, including Dollar Tether and USD Coin, is gaining popularity in Brazil and other Latin American countries. This is due to the region's history of inflationary crises and the recent risk of hyperinflation in Brazil. Stablecoins, which are backed by the US dollar, provide a safe haven for residents looking for an alternative to their local currency. The adoption of stablecoins in emerging markets is positive for the US economy, as they are backed by US government bonds, but it also contributes to the depreciation of the national currency. The Brazilian market has seen a significant adoption of stablecoins, with Dollar Tether transactions representing over 90% of the amount traded by Brazilians.



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