Brazil moves to ban unbacked stablecoins with prison terms, as U.S. banks and crypto firms clash over reserves, and deposit risks grow.

Brazil has initiated legislative advancements to ban algorithmic stablecoins like Ethena's USDe and require all stablecoins to be fully backed by reserve assets.

Brazil has seen a remarkable surge in crypto usage over the past few years, central bank chief Gabriel Galipolo noted. He explained that about 90% of the digital asset flow in the country stems from ...

Brazil, the second-largest market for stablecoin transactions, may ban stablecoin withdrawals to self-custodial wallets like MetaMask. Brazil is considering a ban on stablecoin withdrawals to ...

Brazil is moving closer to banning algorithmic stablecoins, as a congressional committee approved a bill that redefines how the country handles cryptocurrencies pegged to fiat currencies. The Science, ...