The United States has raised tariffs on Brazilian imports from 11% to 17.7%, with a new 25% tariff scheduled for July 2026. Brazil itself imposed an 18% tariff on US ethanol in 2020, causing American ethanol exports to Brazil to drop 87% since 2018. Dollar stablecoins account for approximately 90% of crypto transaction volume in Brazil, which sees between $6 and $8 billion in monthly crypto activity. Brazil’s central bank is preparing Resolution 561, set to take effect in October 2026, to introduce regulatory restrictions on stablecoins.
Source: Read the original article
