Brazil's central bank president: The use of cryptocurrencies in Brazil has significantly increased in recent years, with stablecoins accounting for 90% of the country's digital asset circulation

ChainCatcher news, according to Cryptonews, Brazilian Central Bank President Gabriel Galipolo stated that the use of cryptocurrencies in Brazil has significantly increased over the past few years, with stablecoins accounting for about 90% of the country's digital asset circulation.

Galipolo pointed out that this trend mainly reflects the growth of cryptocurrency usage in everyday payments, which makes regulatory oversight and tax enforcement more complex. He added that most transactions involve the purchase of domestic and foreign goods.