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Brazilian companies turned to stablecoins on election day to dodge a currency crash

Reported · Written up by our desk · Bitcoin

USDT volume on crypto exchange Mercado Bitcoin jumped nearly 800% and bitcoin volume surged 865%. Binance’s USDT/BRL market tripled while the global BTC/USDT pair fell.

Latest closeBitcoin $81,350.18 ▲0.7%

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Sources

CoinDeskBrazilian companies turned to stablecoins on election day to dodge a currency crash

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