Pyth Network announced that it has released its BRZ/USD price source, which is the first stablecoin in Brazil, and BRZ/USD price information is now available to smart contract developers on more than 40 blockchains.

Golden Finance reported that according to data from the Federal Tax Service, Brazil’s cryptocurrency transaction volume in July was 18.8 billion reais (approximately US$3.7 billion), a month-on-month decrease of 11.4%. Among them, the top three currencies with the highest transaction volume are all stable coins. USDT’s transaction volume was 15.3 billion reais, accounting for 81.6% of the total transaction volume; followed by USDC (838 million reais) and real stablecoins BRZ (641 million reais).

PANews reported on September 28 that according to data from the Federal Tax Service, Brazil’s cryptocurrency trading volume in July was 18.8 billion reais (approximately US$3.7 billion), a month-on-month decrease of 11.4%. Among them, the top three currencies with the highest trading volume are all stable coins. The trading volume of USDT is 15.3 billion reais, accounting for 81.6% of the total transaction volume; followed by USDC (838 million reais) and real stablecoins. BRZ (838 million reais).