Brazil is going to ban the stablecoin and the crypto settlements in the nation which is a good move because most stablecoins are USD based and it destroys local economy
Brazil is going to ban the stablecoin and the crypto settlements in the nation which is a good move because most stablecoins are USD based and it destroys local economy
Banning USD-pegged stables could protect their currency, but it might just push crypto underground or to offshore platforms. Tough balance for emerging economies—seen it play out in other spots