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Traders used frxUSD on Featherlend to trade Brazil real plunge after Lula's election win
Brazil's presidential election was decided on Sunday, Oct 25, with Lula winning a fourth term. The Brazilian real fell 8% when traditional FX markets reopened. While those markets were closed, traders on Featherlend, a platform on Polygon, had already been trading the move overnight. They used the frxUSD stablecoin to power these FX trades, as detailed in a linked thread.