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CoinTurk News
2026-05-02 17:52:52

Brazil bans stablecoins in eFX, $6-8B monthly volume hit

Brazil bans stablecoins in eFX, $6-8B monthly volume hit

🚨 Brazil bans the use of stablecoins and crypto for overseas money transfers in $6 to $8 billion monthly eFX transactions. Major cross-border platforms must now restrict crypto-based payment channels. 🧐 Critical data: 90% of Brazil’s crypto transfers relied on stablecoins, directly impacting $XRP and related providers. Continue Reading: Brazil bans stablecoins in eFX, $6-8B monthly volume hit The post Brazil bans stablecoins in eFX, $6-8B monthly volume hit appeared first on COINTURK NEWS .

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