Odaily News Gabriel Galipolo, president of the Central Bank of Brazil, said that stablecoins dominate cryptocurrency trading in Brazil. Galipolo said at the Bank for International Settlements event in Mexico City that the use of digital assets in Brazil has surged over the past three years. He said that 90% of the country's cryptocurrency usage can be linked to stablecoins. Galipolo emphasized the regulatory and supervisory challenges brought about by the widespread use of stablecoins in the payment field, especially in terms of taxation and money laundering. (Cointelegraph)