Brazil

Brazil's central bank bans stablecoin and crypto settlement in cross-border payments
The ban applies to fintechs and payment firms, closing the back-end payment rail for cross-border flows, but individual crypto investors can still buy and hold assets.

Brazil's B3 exchange to offer bitcoin-linked 'event contracts' for the ultra-rich
The contracts are regulated by Brazil's securities regulator and designed for professional investors with at least 10 million reais ($1.9 million) in assets.

Mercado Libre shuts down Mercado Coin, ending its loyalty-driven crypto experiment
Starting April 17, users will no longer be able to buy, sell or earn cashback in Mercado Coin, but can sell, spend, or have the token converted to local currency.

Brazil passes law turning seized crypto into public-security war chest
The law lets authorities use crypto seized during investigations and expands their power to freeze, block or seize funds in a bid to crack down on criminal organizations.

Ripple looks to expand crypto and payment services in Brazil
The blockchain firm is adding custody, payments and brokerage tools for digital asset management and tokenization as it plans to apply for regulatory approval from the central bank.

Brazil industry giants representing 850 companies decry stablecoin tax threat
They argue the tax would be illegal, violating Brazil's Constitution and Virtual Assets Law, as stablecoins are not considered fiat currency.

Latin America’s crypto user growth outpaced U.S. by 3x in 2025, report shows
Brazil and Argentina are leading the growth, with Brazil dominating by transaction size and Argentina seeing increasing adoption driven by cross-border payments and stablecoin use.

Brazil moves to ban algorithmic and other stablecoins like Ethena’s USDe
New legislation requires all stablecoins to be fully backed by reserve assets and introduces penalties for issuing unbacked, algorithmic or other stablecoins.

Brazilian exchange Mercado Bitcoin outlines 6 crypto trends shaping markets in 2026
The stablecoin sector is expected to grow to $500 billion, while altcoin ETFs are projected to reach $10 billion, driven by regulatory clarity and adoption.

Tokenized Brazilian credit card debt offers 13% yield through BlackOpal's GemStone platform
The initiative leverages the Plume Network to tokenize credit card receivables, while giving merchants immediate access to cash.

