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KuCoin Enhances USDT Trading in Brazil with BRL Reinstatement and PIX Integration

KuCoin Enhances USDT Trading in Brazil with BRL Reinstatement and PIX Integration

Author:
USDT News
Published:
2025-07-23 11:55:45
15
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[TRADE_PLUGIN]BTCUSDT,BTCUSDT[/TRADE_PLUGIN]

KuCoin has officially resumed Brazilian Real (BRL) transactions on its spot market, significantly boosting Bitcoin (BTC), ethereum (ETH), and Tether (USDT) trading for Brazilian users. This strategic move aligns with Brazil’s Central Bank regulations and KYC standards, eliminating the need for conversion fees and simplifying access to major cryptocurrencies. The integration of PIX, Brazil’s real-time payment system, further enhances transaction speed and security, positioning KuCoin as a key player in Brazil’s growing crypto market. This development is expected to drive increased adoption of USDT and other digital assets in the region, reinforcing the bullish outlook for cryptocurrencies in 2025.

KuCoin Resumes BRL Transactions to Enhance BTC, ETH, and USDT Trading in Brazil

KuCoin has reinstated Brazilian Real (BRL) support on its spot market, enabling direct deposits, withdrawals, and trading for Brazilian users. The move complies with Brazil’s Central Bank regulations and KYC standards, streamlining access to Bitcoin, Ethereum, and Tether without conversion fees.

The integration of PIX, Brazil’s real-time payment system, ensures faster and more secure transactions. KuCoin is celebrating the relaunch with over 2,000 USDT in rewards, targeting broader adoption of crypto in one of Latin America’s most dynamic markets.

Polymarket Considers Launching Proprietary Stablecoin to Capture Reserve Yields

Polymarket, the rapidly expanding crypto prediction platform, is evaluating the creation of its own stablecoin to harness yield generated from reserves backing USDC deposits. According to sources familiar with the matter, the company is weighing whether to internalize this revenue stream or establish a profit-sharing arrangement with Circle, the issuer of USDC.

The closed-loop nature of Polymarket's ecosystem simplifies a potential transition. Users already transact exclusively in stablecoins within the platform, eliminating the need for complex external payment integrations. A proprietary dollar-pegged token WOULD allow Polymarket to retain value that currently flows to Circle when users deposit USDC to place bets.

This strategic consideration reflects a broader industry trend where crypto platforms increasingly seek to monetize stablecoin reserves. As yield-bearing stablecoins gain traction, firms are exploring ways to capture more value from these digital dollar equivalents.

U.S. Moves to Seize $7.1M in Crypto Linked to Oil and Gas Investment Scam

Federal authorities are pursuing the forfeiture of $7.1 million in cryptocurrency tied to a fraudulent oil and gas investment scheme that operated from June 2022 to July 2024. The co-conspirators allegedly lured victims with promises of lucrative returns from oil tank storage rentals in Rotterdam or Houston, only to divert funds through a network of 81 financial accounts and 19 crypto wallets.

Investigators traced the stolen funds to multiple cryptocurrencies including Bitcoin (BTC), Tether (USDT), USD Coin (USDC), and Ethereum (ETH). "These defendants moved illicit gains through cryptocurrency accounts in an attempt to obscure the trail," stated Acting U.S. Attorney Luthy Miller, emphasizing the Justice Department's rapid response to trace and recover assets for victims.

The case highlights growing regulatory scrutiny of crypto's role in financial crimes, with Geoffrey K. Auyeung of Washington already indicted as a co-conspirator. The seizure underscores federal capabilities in blockchain forensics despite criminals' attempts to launder funds through digital assets.

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