Brazil Business Accounts Reach 78% of Local Crypto Volume as USDT Trading Jumps 800%

Brazilian business accounts made up 78% of trading volume at one local crypto exchange on Oct 25 as election driven currency volatility hit the real. USDT volume jumped nearly 800% from a week earlier, while Monday combined USDT and USDC volume reached BRL 1.84 billion, about $350 million, up 65%.