Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine how the Central Bank of Brazil has proposed a tax on the use o...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Latin America Emerges as Global Stablecoin Hub in New Report
Chainalysis’ latest LATAM crypto adoption report underscored Brazil’s leadership in crypto value received and how the role of stab...
Circle Takes FX Onchain With 24/7 Stablecoin Settlement On Arc
TL;DR Circle has launched StableFX on Arc, giving approved institutions 24/7 access to stablecoin-based foreign exchange settlemen...
SoFi tie-up shows stablecoins can provide alternative blockchain settlement rail
SoFi dives deeper into payments as it moves its entire card program to blockchain-based settlement using its SoFiUSD stablecoin, w...
HIFI Raises $37M To Build Stablecoin And Tokenized Market Infrastructure
HIFI has raised a $37 million Series A led by Left Lane Capital. The company says the funding will expand stablecoin payments, car...
Ethena Starts Backing USDe With Tokenized Stocks on Binance, Its First Equity Basis Venue
Ethena Labs will start backing its USDe synthetic dollar with tokenized U.S. stocks, naming Binance as the first venue for extendi...
PayPal’s PYUSD stablecoin expands to 70 new markets globally
PayPal's PYUSD expansion could revolutionize global remittances by reducing costs and settlement times, challenging traditional fi...