Macro● Neutral

Brazilian firms shift to stablecoins on election day to avoid currency crash

TradingGain Newsroom·1d ago·27 Oct 2026, 16:59 UTC

On election day, Brazilian companies moved into stablecoins to protect themselves from a possible currency crash. Activity jumped on local exchange Mercado Bitcoin, and Binance's USDT/BRL market tripled. The shift shows how local currency worries can change where traders put their money.

BTCAt the time of writing, Bitcoin traded at $80,603 (+0.18% in 24h).Live price →

Why it matters

USDT volume on Mercado Bitcoin jumped nearly 800% during the election period.
Bitcoin volume on the same exchange surged 865%, showing strong local trading activity.
Binance's USDT/BRL market tripled while the global BTC/USDT pair fell.

What to watch next

Watch whether USDT/BRL volume on Binance stays high after the election, as a sign that Brazilian demand for stablecoins is lasting.

BTCLive chartOpen full chart →

This brief is written by TradingGain from public reporting by CoinDesk.Read original ↗

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