Data: Brazil’s crypto trading volume in July was 18.8 billion reais, with USDT accounting for 81.6%

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According to Foresight News , Cointelegraph reported that according to data from the Federal Tax Service, Brazil’s cryptocurrency trading volume in July was 18.8 billion reais (approximately US$3.7 billion), a month-on-month decrease of 11.4%. Among them, the top three currencies with the highest trading volume are all stablecoins. The trading volume of USDT is 15.3 billion reais, accounting for 81.6% of the total trading volume; the second highest trading volume is USDC, which is 838 million reais; The third highest trading volume is BRZ, a stablecoin pegged to the real, with a trading volume of 838 million reals in July.

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