Brazil's crypto asset demand in the first half of the year reached $14.68 billion, with stablecoins accounting for over 90%

The Odaily reports that 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 from $6.24 billion in the first half of 2025. The statistics include transactions involving Bitcoin, Ethereum, and stablecoins processed by registered Virtual Asset Service Providers (VASPs).

In June, Brazil's crypto asset purchases amounted to $2.54 billion, up from $1.48 billion in June 2025; stablecoin purchases in May were close to $2.632 billion, a 158% increase compared to May 2025. 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 stage, is expanding, and exploring application scenarios.

Fernando Rocha noted that demand is being 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 classifies VASPs as Class 3, meaning that starting from January 2027, relevant institutions will need to comply with the same requirements as securities brokers, securities distributors, and foreign exchange brokerage firms.