巴西税务部门的数据显示，2025年稳定币在所有申报的加密货币交易量中占据了80.2%的份额，其中Tether发行的USDT占比最高（达到72%），这一现象挑战了“比特币主导拉丁美洲加密货币市场”的传统观点。
Brazilian tax authority data shows stablecoins made up 80.2% of declared crypto volume in 2025, led by Tether's USDT at 72%, challenging the assumption that bitcoin dominates Latin American crypto activity.
巴西联邦税务部门公布了2025年的统计数据，结果显示：在该国申报的加密货币交易活动中，稳定币而非比特币才是主流。稳定币占所有向税务机关报告的加密货币交易量的80.2%，其中仅Tether的USDT就占了这一总量的约72%。
Brazil's federal tax authority has published 2025 data showing stablecoins, not bitcoin, dominate the country's declared cryptocurrency activity. Stablecoins accounted for 80.2% of all crypto volume reported to tax officials, with Tether's dollar-pegged USDT alone responsible for roughly 72% of that total.
这些数据颠覆了“比特币仍是拉丁美洲最受欢迎的数字资产”的普遍看法。分析师指出，稳定币已成为普通用户的实际“入门工具”——因为它们允许用户在不开设外国银行账户的情况下持有相当于美元的资产价值，尤其是在巴西货币持续波动的背景下。此外，这些数据还反映了交易方式的转变：越来越多的交易发生在专为处理稳定币转账而设计的区块链网络上（如Solana和Ethereum），而非比特币自身的区块链上。
The figures challenge a common assumption that bitcoin remains the preferred digital asset across Latin America. Analysts say stablecoins have instead become the practical entry point for everyday users, largely because they offer a way to hold dollar-equivalent value without opening a foreign bank account, at a time when Brazil's currency has faced persistent volatility. The data also points to a shift in which blockchain networks carry this activity, with transaction volume increasingly settling on networks built to handle stablecoin transfers efficiently, such as Solana and Ethereum, rather than bitcoin's own chain.
随着稳定币的使用量与汇款及储蓄行为的同步增长，该地区的监管机构正在密切关注这一趋势。
Regulators across the region are watching the trend closely as stablecoin use grows alongside remittances and savings.