Brazil bans crypto in cross-border payments as Meta launches USDC payouts in Colombia

Brazil's Central Bank has banned the use of cryptocurrencies, including stablecoins and bitcoin, in regulated cross-border payments effective October 1, 2026. This move restricts institutions from using crypto rails for international transfers, signaling a cautious stance on crypto adoption. Meanwhile, Bitso's 2025 report shows stablecoins accounted for 40% of crypto purchases in Latin America, highlighting a shift toward financial stability. Additionally, Meta has launched USDC stablecoin payouts for creators in Colombia, partnering with Stripe to enable seamless crypto earnings on Solana and Polygon networks, marking a significant step in crypto-based payments despite past regulatory challenges.