Brazil's demand for crypto assets in the first half of the year reached $14.68 billion, with stablecoins accounting for over 90%
2026-07-30 22:54
Odaily News: The Central Bank of Brazil disclosed that in the first half of 2026, Brazil's crypto asset purchases reached $14.68 billion, a 135% increase compared to $6.24 billion in the first half of 2025. The statistics include transactions of Bitcoin, Ethereum, and stablecoins processed by registered Virtual Asset Service Providers (VASPs).
In June, Brazil's crypto asset purchases totaled $2.54 billion, up from $1.48 billion in June 2025. In May, stablecoin purchases neared $2.632 billion, a 158% increase year-on-year. Fernando Rocha, head of the statistics department at the Central Bank of Brazil, stated that the country's crypto asset market has passed its initial phase and is now expanding and exploring use cases.
Fernando Rocha indicated that the demand growth is driven by USD-pegged stablecoins, which now account for over 90% of demand and can be used for payments and cross-border settlements. The Central Bank of Brazil has classified VASPs under Class 3, meaning that starting in January 2027, these entities must comply with the same requirements as securities brokers, securities distributors, and foreign exchange brokerage firms.
In June, Brazil's crypto asset purchases totaled $2.54 billion, up from $1.48 billion in June 2025. In May, stablecoin purchases neared $2.632 billion, a 158% increase year-on-year. Fernando Rocha, head of the statistics department at the Central Bank of Brazil, stated that the country's crypto asset market has passed its initial phase and is now expanding and exploring use cases.
Fernando Rocha indicated that the demand growth is driven by USD-pegged stablecoins, which now account for over 90% of demand and can be used for payments and cross-border settlements. The Central Bank of Brazil has classified VASPs under Class 3, meaning that starting in January 2027, these entities must comply with the same requirements as securities brokers, securities distributors, and foreign exchange brokerage firms.
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