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Brazil’s Galipolo sees surge in crypto use, says 90% of flow tied to stablecoins

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Brazil’s central bank chief Gabriel Galipolo said on Thursday that crypto asset usage in the country has surged over the past two to three years, with around 90% of the flow linked to stablecoins.

Stablecoins are pegged to real-world assets, such as the U.S. dollar, and therefore fluctuate much…

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