Brazil stablecoin trading volume tops R$2.33B after first election round
- —Brazilian exchange volume exceeded R$2.33 billion in 24 hours
- —Foxbit handled over R$1 billion, about 40% of tracked volume
- —USDT and USDC pairs against the real made up more than 90% of volume
- —The presidential runoff is scheduled for October 25
Why it matters: The surge shows how elections and the real's moves can drive stablecoin demand and exchange volumes in Brazil.
Source: Livecoins