First published Oct 20, 2026, 4:46:16 PM UTC · Last updated Oct 20, 2026, 4:46:16 PM UTC

Stablecoins, Solana and Ethereum: Which Blockchains Are Winning in South America?

The source says Brazilian tax data recorded stablecoins at 80.2% of declared cryptocurrency volume in 2025, with USDT at 72%. It provides no further details about Solana or Ethereum.

At a glance

Affected location: Brazil

Illustrative image: Photo of an Ethereum cryptocurrency medallion alongside a padlock, used to represent the concept of crypto security relating particularly to Ethereum crypto. This image has been released under the Attribution Creative Commons licence, which means you can use the image as long as you credit https://www.bybit.com/en-US/ with ownership of the image with a link. — Edwin.images/Wikimedia Commons, CC BY-SA 4.0

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Why it matters

The figures describe the composition of declared cryptocurrency volume in Brazil during 2025.

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Generated scores

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Confidence: 5/10How certain the assessment is based on the clarity and evidence in the cited reporting.
Geographic reach: 4/10How widely the event reaches, from a local area (1) to worldwide impact (10).
Global importance: 3/10The event's broader significance, from limited importance (1) to major global importance (10).
Impact magnitude: 3/10The scale or severity of the real-world impact, from minor (1) to extreme (10).
Urgency: 1/10How time-sensitive the event is, from low urgency (1) to immediate attention needed (10).

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MercoPress UK Stablecoins, Solana and Ethereum: Which Blockchains Are Winning in South America?

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