On election day in Brazil, there was a significant increase in the use of stablecoins as companies sought to avoid currency instability. The trading volume of USDT on Mercado Bitcoin soared by nearly 800%, while Bitcoin trading rose by 865%. Additionally, Binance's USDT/BRL market saw a threefold increase, contrasting with a decline in the global BTC/USDT pair, according to CoinDesk.

AI-assisted source briefing. Based on the CoinDesk RSS report; not independently verified.

Source published: Tue, 27 Oct 2026 16:59:07 +0000

[Read the original report](https://www.coindesk.com/business/2026/10/27/brazilian-companies-turned-to-stablecoins-on-election-day-to-dodge-a-currency-crash)

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