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Opinion: Brazilian enterprises are conservatively holding Bitcoin and stablecoins, rather than seeking active trading.
BlockBeats news, on September 27, according to CoinDesk, Daniel Cunha, the head of corporate development at Brazil's largest crypto exchange Mercado Bitcoin, stated that the company's clients (mainly small and medium-sized enterprises) hold 10% to 15% of their assets in custody. These enterprises are not actively trading but are holding Bitcoin and stablecoins such as USDT and USDC as conservative financial management tools, without chasing yields or trying to invest in alts. The executive noted that the increase in institutional activity is dropping the overall crypto market's Fluctuation, making Bitcoin more attractive to financial executives and potentially paving the way for larger companies in Brazil to adopt Crypto Assets.