Brazilian Companies Turned to Stablecoins to Dodge Currency Crash on Election Day
Key Highlights Brazil’s domestic markets suffered severe volatility following the presidential election, with the Ibovespa index plunging 14% and the U.S. dollar recording its biggest daily surge against the real since 1999. Corporate treasuries rushed to protect capital, driving significant volume into digital assets, with institutional clients accounting for 78% of trading on Mercado Bitcoin. ...