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Stablecoins surpass Bitcoin in Brazil with crypto demand hitting $14.68B in H1 2026

Market News
30 Jul 2026
Bitcoin
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Bullish
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Brazil's demand for cryptocurrencies surged 135% in the first half of 2026, reaching $14.68 billion, driven mainly by dollar-pegged stablecoins which now account for over 90% of the market. This shift reflects the maturing crypto market in Brazil, where stablecoins are widely used for payments and cross-border transactions. The Central Bank of Brazil plans to implement a new regulatory regime in 2027, treating virtual asset service providers like securities firms to improve oversight and better track asset destinations. Despite a proposed tax on stablecoin transactions being delayed due to upcoming elections, the market shows strong consolidation and growth.

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Telix Pharmaceuticals to release H1 2026 financial results on August 20 with investor webcast.

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