Stablecoins are surging in Brazil, accounting for up to 90% of crypto transactions according to Flavio Correa Prado, representing Brazil’s tax authority. This shift marks a significant change for the country’s financial landscape as stablecoins provide safer options amidst local currency volatility. 🇧🇷 📈 💰 The surge highlights evolving market trends and suggests potential regulatory changes in preparation for increased transparency. Flavio Correa Prado highlighted that stablecoins dominate reported transactions, emphasizing the need for robust tax reporting systems to keep up with this growing trend. The Brazilian Central Bank is working towards a new crypto regulation framework by 2025, with a focus on enhancing transparency and facilitating efficient transactions. DeCripto, a new system designed to improve transparency, aims to become operational by 2025. 🤝 These developments are expected to significantly impact Brazil’s crypto market as stablecoins gain widespread adoption, mirroring similar trends seen in other emerging markets facing currency fluctuations. If current growth patterns hold true, the Brazilian crypto transaction volume could reach $9 billion monthly by 2030. 📈.