Update
Brazilian Companies Use Stablecoins Amid Election Uncertainty
Brazilian companies on election day used stablecoins on the crypto exchange Mercado Bitcoin to protect their treasuries. USDT volume surged nearly 800% and bitcoin volume increased 865% compared to the previous Sunday. Corporate accounts generated 78% of trading on Mercado Bitcoin, reflecting concerns about the potential impact of President Luiz Inácio Lula da Silva's victory on the country's finances and currency.