Brazil's crypto asset demand reached $14.68 billion in the first half of the year, with stablecoins accounting for over 90%

According to Odaily, the Central Bank of Brazil disclosed that in the first half of 2026, Brazil’s crypto asset purchase volume reached 14.68 billion USD, an increase of 135% compared to 6.24 billion USD in the first half of 2025. The statistics cover transactions of Bitcoin, Ethereum, and stablecoins processed by registered Virtual Asset Service Providers (VASP).

In June, the purchase volume of crypto assets in Brazil was 2.54 billion USD, higher than the 1.48 billion USD in June 2025; in May, stablecoin purchase volume was nearly 2.632 billion USD, rising 158% compared to May 2025. According to Fernando Rocha, head of statistics at the Central Bank of Brazil, the country’s crypto asset market has moved beyond the initial phase, is expanding, and actively exploring application scenarios.

Fernando Rocha stated that USD-pegged stablecoins are driving demand growth, with their share now exceeding 90%. These stablecoins can be used for payments and cross-border settlements. The Central Bank of Brazil has classified VASPs as Class 3; from January 2027, related institutions will be required to comply with the same rules as securities brokers, securities distributors, and foreign exchange brokerage firms.