Brazil: USDT, Bitcoin [BTC], and…? New crypto-declarations suggest…

Brazil: USDT, Bitcoin [BTC], and...? New crypto-declarations suggest...

The transactions made in USDT overshadowed the next 9 names on the list combined. It is possible that companies are looking at the dollar-pegged stablecoin as an alternative store of value.

Holding for speculative purposes can be ruled out since the top ten names do not include a small cap crypto with high growth potential. Another interesting statistic that has come to light is the reducing percentage of men contributing to crypto-transactions. Since the beginning of this year, the percentage of men in this field has fallen by 3.6%. Meanwhile the percentage of women has gone up by 19.6%.by blockchain analytics firm Chainalysis, Brazil ranks seventh on the list.

Here, it’s worth noting that rising inflation in Brazil may have had a role to play in the rise in interest in cryptocurrencies. In fact, at the time of writing, theSubscribe to get it daily in your inbox.

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