Brazil’s congressional committee has approved Bill 4,308/2024 to strengthen stablecoin oversight. The law requires all stablecoins to be fully backed by reserves, banning unbacked tokens like Ethena’s USDe and Frax. Issuers of unbacked coins could face up to eight years in prison, and exchanges handling foreign stablecoins such as USDT and USDC must follow strict compliance and risk rules. This move is set to reshape Brazil’s crypto market.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
SpaceX’s upcoming IPO, expected to value the company at about $1.8 trillion, has attracted demand…
The Trump crypto empire reportedly generated an estimated $2.3 billion in profits, a figure that…
Anthropic has released Claude Fable 5, the first publicly available model in its Mythos class…
Two trillion dollars vanished from U.S. stock markets in the space of three hours on…
XRP is trading at $1.13, down 2.62% over the past 24 hours, as the broader…
The cryptocurrency market declined 3.82% over the past 24 hours, reducing total market capitalization to…
