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Infrastructure Feb 05, 2026

Unbacked Stablecoins Face Ban in Brazil as New Bill Moves Forward

Blockonomi

TLDR: Bill 4.308/2024 bans unbacked stablecoins like Ethena’s USDe and Frax in Brazil. Domestic stablecoins must maintain full reserves and report backing transparently. Exchanges offering USDT and USDC must verify …

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