2026-01-15 03:19:50

The Brazilian Federal Tax Authority has released the latest cryptocurrency asset declaration statistics after a three-month hiatus. As of September this year, the disclosed data shows an interesting change — although the number of declarants and institutions has decreased month-on-month, the market structure remains clear.

Specifically, in September, approximately 4.58 million individual investors submitted cryptocurrency transaction declarations, and 92,000 enterprises participated in the declaration. This number has declined compared to August, reflecting a cautious attitude among market participants during the off-season.

What is even more noteworthy is the distribution pattern of trading varieties. Stablecoins continue to maintain an absolute dominant position, with USDT leading by a wide margin — trading volume reaching about 15.7 billion reais, far surpassing other assets. In comparison, Bitcoin's trading volume is approximately 2.46 billion reais, a gap that vividly reflects Brazilian traders' preference for stablecoins. Behind this phenomenon, it not only reflects the need for risk management but also demonstrates considerations of local fiat currency stability.

BTC-0,92%

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DegenWhisperer

· 12h ago

Stablecoins crush BTC, Brazilians are really scared Off-season is off-season, why is it still dropping? USDT dominates, a volume of 15.7 billion is truly outrageous Fiat stability concerns? Basically, they just don't dare to play What does this data indicate, is it risk management or fear of loss? The choice of Brazilian traders seems to be like this Declining reporting numbers, is it a bear market sign or really no one left?

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GasOptimizer

· 12h ago

The trading volume ratio of USDT to BTC is directly 6.37 times, which is a bit outrageous. What does this indicate? Brazilians basically don't want to gamble on price fluctuations; they just want to arbitrage safely.

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CryptoWageSlave

· 12h ago

USDT is so powerful, Bitcoin is being beaten down. Looks like Brazilians are not fools either. Stablecoins reign supreme, now I understand why everyone is stacking up. 4.58 million people are still playing, I feel like I need to work harder. Exit during the off-season, wait for the wind to come? People in the crypto world really believe in stablecoins, quite interesting.

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Frontrunner

· 13h ago

Stablecoins crush BTC, Brazilians are really pragmatic USDT's trading volume directly surpasses Bitcoin, this is the current situation During the off-season, fewer people are around, it seems everyone is watching The obsession with stablecoins in Brazil is a bit excessive 4.58 million people filed taxes, there are still quite a few retail investors In an era dominated by stablecoins, is BTC out of the picture? The data decline is normal, after all, there's no market movement USDT 15.7 billion vs BTC 2.46 billion, the gap is huge Stablecoins really act as the parent in this market BTC is heavily hammered, why are some still optimistic about it

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