According to crypto.news, trading of Tether (USDT) in Brazil increased significantly following Luiz Inácio Lula da Silva's election victory. Corporate accounts accounted for 78% of the trading volume on Mercado Bitcoin, as the Brazilian real and the Ibovespa index experienced declines. This surge indicates a shift towards stablecoins as firms seek to hedge against market volatility.
AI-assisted source briefing. Based on the crypto.news RSS report; not independently verified.
Source published: Wed, 28 Oct 2026 04:44:16 +0000
[Read the original report](https://crypto.news/brazil-stablecoin-trading-usdt-lula-election-2026/)
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