Brazilian companies turned to stablecoins on election day to dodge a currency crash
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Brazilian companies heavily turned to stablecoins, particularly USDT, on election day to hedge against sharp volatility and a potential crash in the Brazilian real. Multiple reports confirm a significant spike in stablecoin trading volumes and on-ramp activity as businesses sought to preserve value amid political uncertainty. The consensus highlights stablecoins' growing role as a practical dollar proxy in emerging markets facing currency risk. This underscores Bitcoin and crypto infrastructure's increasing importance as a neutral, borderless alternative to fragile local fiat systems during periods of instability.