Crypto Inflows Spark Meme Coin Hype

Brazil’s Crypto Surge: $90B Inflows and Stablecoin Dominance

• Gabriel Galipolo, Brazil’s Central Bank chief, noted a surge in crypto use over the past two to three years.
• 90% of Brazil’s crypto volume is linked to stablecoins.
• Brazilians deposited approximately $90 billion in digital assets from July 2023 to June 2024.
• Argentina led Latin America with $91 billion in deposits during the same period.
• The global stablecoin transfer volume reached $27.6 trillion in 2024, surpassing Visa and Mastercard combined.

Brazil has seen significant growth in crypto usage, with $90 billion deposited into digital assets over a year. Notably, stablecoins account for 90% of this volume, highlighting their importance in the market. Argentina slightly outpaced Brazil with $91 billion during the same timeframe.