Brazil's Central Bank Bans Stablecoins in Cross-Border Payments from October 1
- —The ban applies only to the settlement link between an eFX provider and a foreign counterparty
- —Stablecoins accounted for nearly 80% of declared crypto volume in 2025
- —USDT made up about 89% of stablecoin transaction volume
- —Individual international transfers in virtual assets remain permitted
Why it matters: Brazil is closing a cheap stablecoin settlement channel, which could raise payment costs and increase regulatory pressure on the $1.1 trillion market.
Source: CryptoSlate