#StablecoinPayments #StablecoinPayments Stablecoins are growing in Brazil, especially as a form of protection against the devaluation of the Brazilian real. These digital currencies are pegged to stable assets, such as the US dollar, and have been used for financial transactions and as a store of value.
Regulation
The Central Bank of Brazil (BCB) proposed regulations for stablecoins, including a ban on transfers to self-custody wallets, such as MetaMask or Trezor. This measure aims to concentrate operations within the regulated environment and prevent financial crimes. The proposal is under public consultation until February 2025.