New legislation requires all stablecoins to be fully backed by reserve assets and introduces penalties for issuing unbacked stablecoins.

Brazil moves to ban unbacked stablecoins with prison terms, as U.S. banks and crypto firms clash over reserves, and deposit ...

Brazil has seen a remarkable surge in crypto usage over the past few years, central bank chief Gabriel Galipolo noted. He explained that about 90% of the digital asset flow in the country stems from ...

Brazil, the second-largest market for stablecoin transactions, may ban stablecoin withdrawals to self-custodial wallets like MetaMask. Brazil is considering a ban on stablecoin withdrawals to ...

Brazil has initiated legislative advancements to ban algorithmic stablecoins like Ethena's USDe and require all stablecoins ...